Expands eligibility under the Urban Transit Hub Tax Credit Act by broadening certain municipal qualifier provisions.

This bill amends New Jersey's Urban Transit Hub Tax Credit Act to expand eligibility by changing the definition of "eligible municipality." Previously, municipalities needed to qualify for state aid and have at least 30% of real property value exempt from local property taxes. The bill now allows any municipality with a commuter rail station to qualify, removing the property tax exemption requirement. This change broadens the potential locations where businesses can receive tax credits for capital investments of at least $50 million and employment of 250+ full-time employees in transit hub locations. The title of the act is also updated to remove "Urban" to reflect this expanded scope.