"New Jersey Makes, the World Takes Act"; allows corporation business tax credit for selling New Jersey made products.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill, the "New Jersey Makes, the World Takes Act," creates a corporate business tax credit for businesses that sell products made in New Jersey. Businesses selling New Jersey-made goods would be eligible for a credit of $3.31 for every $100 in retail sales. The bill supplements existing tax law and establishes rules for claiming the credit, including definitions of ‘New Jersey made products’ and procedures for documentation.
Bill text
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Document of record
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- Introduced
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Sponsors
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3 on record
Primary sponsors
Michael Testa
Cosponsor
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