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NJ S4734
Bill
Status
10/27/2025
Primary Sponsor
Troy Singleton
Click for details
AI Summary
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Authorizes the creation of a 33rd urban enterprise zone (UEZ) in New Jersey, specifically in Burlington City, Burlington County
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The new zone must be located in a qualifying municipality with a poverty rate of at least 12% (per the 2023 Municipal Revitalization Index) and a population between 9,000 and 11,000 in a second-class county with the lowest population density
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Qualified businesses in the new UEZ will receive a 50% reduction in sales and use taxes on retail sales transactions made within the zone
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The New Jersey Urban Enterprise Zone Authority must designate the new zone within 90 days of receiving an application and zone development plan from the municipality
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Expands the definition of "qualifying municipality" to include municipalities designated under this new legislation, in addition to those previously qualifying under existing UEZ statutes
Legislative Description
Authorizes creation of additional urban enterprise zone.
Budget and Appropriations
Last Action
Referred to Senate Budget and Appropriations Committee
12/4/2025