Bill
Bill > A4787
NJ A4787
NJ A4787"Atlantic City Urban Enterprise Zone and Property Tax Relief Act"; creates urban enterprise zone in Atlantic City for 10 years.
summary
Introduced
03/19/2026
03/19/2026
In Committee
03/19/2026
03/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill, designated as the "Atlantic City Urban Enterprise Zone and Property Tax Relief Act," authorizes the creation of an urban enterprise zone (zone) in the city of Atlantic City for a one-time term of 10 years. The zone authorized under this bill would be the 33rd zone created under the Urban Enterprise Zone program, which was first authorized in 1983. The additional zone authorized pursuant to this bill is required to be designated within 90 days of the date of the submittal of an application and zone development plan by the municipality. Qualifying retail businesses in the additional zone to be designated pursuant to the criteria for priority consideration set forth in the bill would be entitled to collect sales and use tax reduced to the extent of 50 percent of the sales and use tax (SUT). A business operating as a casino is not eligible for the benefits of an eligible business under the UEZ program but a business operating on casino property not owned by a casino business may be eligible if it otherwise meets the criteria for business eligibility. During the first five years, all of the SUT revenues collected are to be appropriated for use by Atlantic City and during the second final five years, 66.5 percent of the SUT revenues collected are to be appropriated for use by Atlantic City. These revenues are to be used by Atlantic City to provide local property tax relief. This bill is meant to address the negative economic conditions experienced by Atlantic City over the past several years as the city transitions from a casino gaming destination to a general-interest tourist destination.
AI Summary
This bill, the "Atlantic City Urban Enterprise Zone and Property Tax Relief Act," establishes a new urban enterprise zone (UEZ) in Atlantic City for a period of 10 years, making it the 33rd such zone created under the existing Urban Enterprise Zone program. To qualify for benefits, businesses must be designated as "qualified businesses" within this new zone, which generally means they are actively operating there and meet certain employee residency or employment status criteria, though casinos themselves are excluded from direct benefits, but businesses on casino property may qualify. Qualifying retail businesses within this zone will be eligible for a 50% reduction in sales and use tax (SUT) on their retail sales. Crucially, for the first five years of the zone's existence, 100% of the collected SUT revenue will be allocated to Atlantic City, and for the subsequent five years, 66.5% will go to the city, with these funds specifically designated for providing local property tax relief to address the city's economic challenges as it diversifies its tourism appeal beyond just casinos.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 03/19/2026)
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/A4787 |
| BillText | https://pub.njleg.gov/Bills/2026/A5000/4787_I1.HTM |
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