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NJ S4954
Bill
Status
12/8/2025
Primary Sponsor
Paul Moriarty
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AI Summary
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Establishes an annual historic diner and restaurant registry maintained by the Division of Travel and Tourism, requiring diners and family-owned restaurants to have been in continuous operation for at least 25 years and qualify as small business concerns
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Exempts sales of prepared food and beverages for on-site consumption at registered historic diners and restaurants from the 6.625% sales and use tax for 12 months following certification
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Provides a tax credit equal to 10% of costs incurred for purchasing eligible ingredients (food and beverage items excluding alcohol and tobacco), capped at $25,000 per year against corporation business tax or gross income tax
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Tax credits may be carried forward for up to seven years if unused and can be sold or transferred to other taxpayers for use within three successive tax periods
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Historic diners must serve varied menu items at booths, tables, or counters; historic restaurants must be family-owned for their entire operating history and in compliance with health, safety, and zoning requirements
Legislative Description
"Saving Our Diners and Protecting Our Past (SODA POP) Act"; provides sales and use tax exemption and corporation business and gross income tax credits for historic diners and restaurants included on annual registry.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
12/8/2025