Bill > A4865

Introduced Session

This bill provides a temporary sales tax exemption for transactions made at certain retail business establishments that are operated by qualified small businesses, and which are impacted by ongoing public highway projects. Specifically, the bill provides that temporary sales tax exemption would be available at retail business establishments that are located within an "impacted construction zone," which the bill defines as any area immediately surrounding a public highway project within which area the occurrence of the public highway project impedes or blocks the normal and reasonable flow of traffic or otherwise restricts access to business establishments located with the area. To qualify for the exemption, the retail business establishment would have to be operated by a "small business," which the bill defines as a business with no more than 50 full-time employees, is independently owned and operated, and has its principal place of business in the State of New Jersey. Under the bill, a qualified small business would be required to apply to the Director of the Division of Taxation before claiming the sales tax exemption. Upon approval of an application, the director would provide issue an exemption certificate to the small business, which certificate would indicate the retail business establishments at which the sales tax exemption is available and the exclusion period for which the exemption applies. However, the bill provides that the temporary sales tax exemption may only occur during the period between the date in which a public highway project commences and the date in which the project concludes.

AI Summary

Committee Categories

Aura Dunn (R)*,  Dawn Fantasia (R),  Michael Inganamort (R), 

Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee (on 09/23/2024)

Official Document