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NJ S3707
Bill
Status
3/2/2026
Primary Sponsor
Robert Singer
Click for details
AI Summary
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New Jersey Economic Development Authority (EDA) would administer a grant program reimbursing small retail businesses (50 or fewer employees) for increased operating costs and lost revenues caused by public highway construction, bridge, or road projects that impede traffic flow or restrict business access.
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Eligible businesses must maintain fixed permanent locations in impacted construction zones and demonstrate the difference between their pre-project business expenses and expenses during the construction period for an equal number of business days.
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Retail businesses in municipalities with ongoing highway projects would receive a 50 percent sales and use tax exemption for the duration of the construction, requiring approval from the Division of Taxation.
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The Commissioner of Transportation must notify both the EDA and Division of Taxation when highway projects commence or conclude, and must report all ongoing projects within 30 days of the bill's effective date.
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The bill appropriates $1 million from the General Fund to the EDA to administer the grant program.
Legislative Description
Establishes EDA grant program to support increased business expenses incurred by certain businesses impacted by certain public highway projects; provides 50 percent sales and use tax exemption in impacted municipalities; appropriates $1 million.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
3/2/2026