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Bill > S1866
NJ S1866
NJ S1866Establishes sales tax credit and sales tax holiday for portion of state of emergency related to COVID-19 pandemic.
summary
Introduced
02/28/2022
02/28/2022
In Committee
02/28/2022
02/28/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Establishes sales tax credit and sales tax holiday for portion of state of emergency related to COVID-19 pandemic.
AI Summary
This bill establishes a sales tax credit and sales tax holiday for small businesses during the COVID-19 state of emergency in New Jersey. Specifically, it allows small businesses (those with fewer than 100 employees) to claim a refundable credit against their quarterly sales tax remittances, and exempts receipts from sales and services provided by small businesses from the sales tax during the exclusion period, which lasts from the Governor's declaration of the state of emergency until it is determined the emergency has ended.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 02/28/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S1866 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S2000/1866_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S2000/1866_I1.PDF |
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