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NJ S3388

Bill

Official Source

Status

Introduced

2/9/2026

Primary Sponsor

Raj Mukherji

Click for details

Origin

Senate

2026-2027 Regular Session

AI Summary

  • Authorizes creation of an urban enterprise zone (UEZ) in Hoboken City, Hudson County, increasing the total number of permitted UEZs from 32 to 33 statewide
  • Requires the New Jersey Urban Enterprise Zone Authority to accept applications within 90 days of the bill's effective date and designate the zone within 90 days of receiving a qualifying application
  • Establishes qualifying criteria for Hoboken: population between 45,000-55,000, population density between 35,000-45,000 persons per square mile, in a first class county with population under 700,000
  • Grants qualified businesses in the new zone eligibility for UEZ program benefits, including collecting sales tax at 50% of the standard rate imposed under the Sales and Use Tax Act
  • Amends P.L.1983, c.303 and P.L.1995, c.382 to incorporate the new zone into existing urban enterprise zone statutes

Legislative Description

Authorizes creation of urban enterprise zone in Hoboken City.

Community and Urban Affairs

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee

2/9/2026

Committee Referrals

Community and Urban Affairs2/9/2026

Full Bill Text

No bill text available