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NJ A4424
Bill
Status
2/19/2026
Primary Sponsor
Sean Kean
Click for details
AI Summary
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Extends the 50% sales and use tax exemption for Urban Enterprise Zone (UEZ) qualified businesses to include mail order, telephone, and internet transactions, provided the business maintains a physical location in the zone where items are regularly exhibited for retail sale and the location is not primarily used for catalogue or online sales.
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Permits UEZ qualified businesses to file sales and use tax returns on a quarterly basis, due by the 20th day following each quarter, regardless of the amount of tax collected.
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Increases the maximum allowable administrative expenses for qualified municipalities receiving enterprise zone assistance funds from 10% to 15% of their annual allocation.
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Requires that for mail, phone, or internet sales to qualify for the 50% tax exemption, the qualified business must have a physical storefront in the UEZ where products are displayed and sold, preventing businesses from claiming the exemption solely through online operations.
Legislative Description
Allows 50 percent sales and use tax exemption for telephone, mail-order, and internet transactions by qualified businesses within Urban Enterprise Zone; allows quarterly tax returns for qualified businesses; increases allowable administrative expenses by qualified municipalities.
Commerce and Economic Development
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee
2/19/2026