NJ S1880

Tax credits of $2,000 per display for grocery stores (2,500+ square feet) and $1,000 per display for small food retailers (under 2,500 square feet) that maintain dedicated displays for Jersey Fresh and New Jersey certified organic products.

Display requirements include minimum 25 square feet of floor space for grocery stores or 12 square feet for small retailers, maintained for at least 120 days during the tax year.

Jersey Fresh products include locally grown fruits and vegetables, nursery crops (Jersey Grown), aquacultured or wild-caught seafood (Jersey Seafood), and processed foods made with New Jersey-sourced agricultural products.

Credits apply against both Corporation Business Tax and Gross Income Tax, with the Division of Taxation authorized to adopt implementing regulations immediately upon filing.

Takes effect immediately upon enactment for privilege periods and taxable years beginning on or after that date.