NJ A6283

Establishes an annual historic diner and restaurant registry maintained by the Division of Travel and Tourism, requiring diners and restaurants to have been in continuous operation for at least 25 years and qualify as small businesses under federal law

Historic restaurants must also be family-owned businesses that have been solely owned and operated by family members for the entire time in operation

Provides a sales and use tax exemption for prepared food and beverages sold for on-site consumption at registered historic diners and restaurants for 12 months following certification

Creates a corporation business tax and gross income tax credit equal to 10% of costs incurred for purchasing eligible food ingredients, capped at $25,000 per taxpayer per year

Tax credits may be carried forward for seven years if unused and can be sold or transferred to other taxpayers for use against their tax liabilities