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.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill establishes a grant program to help retail businesses impacted by public highway projects cover increased business expenses during a ‘relief period.’ It also provides a 50% sales and use tax exemption for businesses located in municipalities affected by these projects. The bill appropriates $1 million to fund the grant program and establishes procedures for applying for and administering the grants, as well as for the sales tax exemption.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
Robert Singer
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