ASSEMBLY TO VOTE ON VETO OVERRIDE AND ALLOWING SCHOOL BUS ADS

The Assembly on Thursday will vote to override Gov. Chris Christie’s veto of legislation to create jobs and boost the economy through a state homebuyer’s tax credit and consider legislation to reform property taxes, permit advertising on school buses to generate money for schools, boost small businesses and provide more tools to combat drug offenders.
The session is scheduled to begin at 1 p.m.

The bill would establish a three-year, $100 million New Jersey Homebuyer Tax Credit Program under the New Jersey gross income tax for home purchases made within a year of the bill’s enactment. It passed 67-8 in the Assembly and 38-0 in the Senate.

The Assembly will also vote on legislation to allow ads on school buses to help schools boost revenue. The bill would allow school districts to sell advertising space on the exterior sides of school buses owned or leased by the school district.