summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill authorizes the creation of an urban enterprise zone (UEZ), based upon certain poverty and population statistics, in Burlington City in Burlington 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
This bill authorizes the creation of one additional Urban Enterprise Zone (UEZ), bringing the total number of UEZs to 33, and specifically designates Burlington City in Burlington County as eligible for this new zone, provided it meets certain poverty and population criteria and submits an application and development plan within 90 days to the New Jersey Urban Enterprise Zone Authority. Businesses within this new UEZ will be eligible for benefits under the existing UEZ program, notably a reduced sales and use tax rate of half the standard rate on retail sales. The bill amends existing laws to reflect this increase in the total number of authorized UEZs and to include the new zone in the criteria for designation.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A1077 |
| BillText | https://pub.njleg.gov/Bills/2026/A1500/1077_I1.HTM |
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