The New NJEDA Reporting Regulations: What You Need to Know

On Mar 4, 2026

By: Joseph DiFalco and Douglas Graham

The New Jersey Economic Development Authority (NJEDA) has implemented new reporting regulations under N.J.A.C. 19:31-18.11 that significantly change the annual compliance obligations for companies receiving Grow New Jersey tax credits. These changes are effective for reporting periods ending Dec. 31, 2025, with annual submissions due April 30, 2026.

Key Takeaways:

• Recipients need to engage an NJEDA-qualified independent CPA. EisnerAmper is considered a Qualified CPA firm.
• For the 2025 tax year, failure to timely submit the CPA AUP report may delay receipt of the tax credit for the year.

New Reporting Rules for Grow New Jersey Recipients

Previously, companies fulfilled their yearly reporting obligations through internally prepared, management-certified reports. The revised rule shifts from self-certification to enhanced third-party verification to strengthen oversight and accountability for maintaining compliance with program objectives. The annual report should include detailed information on full-time employees at the qualified facility, statewide workforce totals, affiliate data contributing to employment counts, and compliance certifications with incentive agreements and program requirements.

The most significant change is the requirement for a CPA-issued AUP report. The CPA will perform and report on specific procedures accepted by the NJEDA. Results are delivered via an agreed-upon procedure, and a report is provided to help evaluate and maintain program compliance.

Discover Compliance with EisnerAmper

With over a decade of experience supporting companies in New Jersey’s economic incentive programs, our professionals understand the technical reporting and compliance requirements. We work directly with the NJEDA to help clients interpret reporting requirements, complete AUP engagements, proactively address compliance issues, and adhere to deadlines. Our professionals are committed to supporting your business and the continued success of the Grow New Jersey program.   to navigate the updated reporting landscape and protect the value of your tax credit awards.

Disclaimer: Sponsored content articles do not reflect the opinions of New Jersey Business Magazine or the New Jersey Business & Industry Association.

Related Articles: