Jersey Pride Tax Credit Act of 2026 creates a tax credit for businesses selling products promoting New Jersey and mandates port authorities to.
The Jersey Pride Tax Credit Act of 2026 amends the Internal Revenue Code to establish a tax credit for businesses selling products that promote New Jersey. This credit amounts to 25 percent of the aggregate sales of eligible products to unrelated parties. Additionally, the bill directs port authorities to give preference to businesses selling these products when renting commercial space. The credit becomes effective for products sold after December 31, 2025.
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