Establishes credit under sales and use tax for certain small businesses that collect and remit sales and use tax.
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill creates a sales tax credit for small businesses in New Jersey that collect and remit sales and use tax. Eligible businesses, defined as independently owned and operated with fewer than 20 full-time employees, can claim a credit equal to 10% of their monthly remittance or $100 per month, whichever is lower. The credit is applied when a seller files their sales tax return and makes a payment to the state.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Anthony Bucco
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours