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3 months agoTax Break Scandal Leads to $5 Million Fine for N.J. Energy Company
Holtec International, a business tied to George Norcross III, has agreed to pay a $5 million penalty after a criminal investigation into tax breaks the company was awarded.
The fine allows Holtec officials to defer criminal charges linked to a fraudulent 2018 application for tax credits.
New Jersey's attorney general emphasized that the state will hold businesses accountable for lying for financial gain. [ more ]