Bill > A5840

This bill extends certain accommodations implemented during the COVID-19 public health emergency for businesses participating in State economic development programs. Specifically, the bill allows businesses that have entered into incentive agreements to waive, until March 31, 2024, the requirement that a full-time employee employed by the business must spend at least 60 percent of the employee's time at the qualified business facility, as long as the employee spends at least 10 percent of their time at the facility. The bill also requires businesses that make this election to make a 5% payment of their 2022 tax credit amount to the authority, which the authority will use to support small business and commercial corridor activation activities.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2022/A5840