Commerce and Economic Development

March 8, 2021 at 1:30pm (EST)

• Location:
• Description:

  Due to the public health emergency, the State House Annex remains closed to visitors. The public may not attend the Committee meeting in person but may view and participate in the meeting via the New Jersey Legislature home page at https://www.njleg.state.nj.us/.

• Tracked Bills to be Heard:

  A733 - Provides sales and use tax exemption for sales of fuel cell devices and systems and certain tangible personal property powered by fuel cells.

  A4634 - Allows corporation business tax credit for subcontracting work to NJ small businesses.

  A4918 - Allows corporations to hold remote shareholder meetings.

  A4958 - Provides temporary exemption under sales and use tax for winterizing certain small business operations.

  A5218 - Allows certain restaurant owners to accelerate depreciation of certain expenditures under corporation business and gross income taxes.

  S3305 - Allows tax credit for nonresidential building improvement expenses to reduce spread of COVID-19.

  A5389 - Allows gross income tax credit for nonresidential building improvement expenses to reduce spread of COVID-19.