Bill > A2495

Introduced Session

This bill authorizes the creation of an urban enterprise zone (UEZ) in the City of Hoboken in Hudson County. The UEZ authorized under this bill establishes a total of 33 UEZs created under the UEZ program, which was first authorized in 1983. The additional UEZ authorized under the bill is to be designated within 90 days of the date the municipality submits an application and zone development plan to the New Jersey Urban Enterprise Zone Authority. Qualified businesses in the additional UEZ designated under the bill are entitled the benefits under the UEZ program, including, but not limited to, the collection of sales and use taxes on retail sales at a tax rate of half of the tax imposed under the "Sales and Use Tax Act."

AI Summary

Committee Categories

John Allen (D)*,  Bill Spearman (D)*, 

Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee (on 01/09/2024)

Official Document