NJ A4426

Creates a New Jersey Economic Development Authority grant program to reimburse small retail businesses (50 or fewer employees) for increased expenses and lost revenues caused by public highway construction projects that block traffic flow or restrict business access.

Provides a 50% sales and use tax exemption for retail businesses located in municipalities where public highway projects are ongoing, lasting from project start to completion.

Appropriates $1 million from the General Fund to the EDA to administer the grant program.

Requires the Commissioner of Transportation to notify the EDA and Division of Taxation when highway projects begin or end, and to report all ongoing projects within 30 days of the law taking effect.

Defines eligible "retail business establishments" as small businesses with fixed locations offering goods or services, including charter boat services, that are independently owned and not delinquent on state taxes.