Bill > A3845

Introduced Session

This bill provides one-time, nonrefundable corporation business tax and gross income tax credits to taxpayers that are owners of alcoholic beverage manufacturers, bars, or restaurants, for eligible health and safety expenditures incurred by taxpayers during the COVID-19 state of emergency. The state of emergency began on March 9, 2020, and has not yet ended as of April 2022. The total credit allowed to a taxpayer during the taxable year or privilege period will not exceed $1,000. A taxpayer will only be allowed to claim a credit provided under the bill in the first tax year following enactment of the bill but may include expenses incurred at any point during the state of emergency but prior to the claiming of the credit. Under the bill, "eligible health and safety expenditures" means capital expenditures incurred and personal protective equipment purchased by the taxpayer to comply with the health and safety requirements imposed under the executive orders issued by the Governor in response to the COVID-19 pandemic. "Personal protective equipment" is defined in the bill as coveralls, face shields, gloves, gowns, masks, respirators, and other equipment designed to protect the wearer from the spread of infection or illness.

AI Summary

Committee Categories

Daniel Benson (D)*,  Marilyn Piperno (R)*,  Sterley Stanley (D)*,  Kimberly Eulner (R), 

Introduced, Referred to Assembly Commerce and Economic Development Committee (on 05/09/2022)

Official Document