Bill > S4217

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 these businesses to temporarily waive the requirement that a full-time employee must spend at least 60% of their time at the qualified business facility, as long as the employee spends at least 10% of their time there. The business must also make a 5% payment on their 2022 tax credits to support small business and downtown or commercial corridor activation activities. This accommodation is extended from the original end date of December 31, 2023 to March 31, 2024. The bill also includes some other changes related to how these economic development programs are administered.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2022/S4217