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Holtec settles with New Jersey over tax credits

February 1, 2024, 9:30AMNuclear News

The Holtec technology and manufacturing campus in Camden, N.J. (Photo: Holtec)

Holtec International has agreed to pay $5 million in penalties to the state of New Jersey to avoid criminal prosecution over $1 million in tax credits that the company, along with Singh Real Estate Enterprises (SRE), sought in 2018. Holtec has also agreed to retain an independent reviewer approved by New Jersey to monitor future applications for state benefits.

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Holtec settles with New Jersey over tax credits

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