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NJ S3407

Bill

Official Source

Status

Introduced

2/9/2026

Primary Sponsor

Gordon Johnson

Click for details

Origin

Senate

2026-2027 Regular Session

AI Summary

  • Designates Hackensack City in Bergen County as New Jersey's 33rd urban enterprise zone (UEZ), increasing the statewide total from 32 to 33 zones
  • Qualifies municipalities with a poverty rate of at least 12% according to the 2023 Municipal Revitalization Index and population greater than 45,000 in the state's most populous first-class county
  • Requires the New Jersey Urban Enterprise Zone Authority to designate the zone within 90 days of receiving the city's application and zone development plan
  • Entitles qualified businesses in the new UEZ to collect sales and use taxes 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 additional zone into existing UEZ program statutory framework

Legislative Description

Designates Hackensack City as urban enterprise zone.

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