New Jersey A4426 establishes a grant program to support businesses impacted by public highway projects and provides a 50% sales and use tax exemption.

New Jersey A4426 creates a grant program administered by the New Jersey Economic Development Authority (EDA) to support retail businesses impacted by public highway projects. The grant compensates businesses for increased expenses incurred during the project period. The bill also provides a 50% exemption from sales and use tax for businesses in municipalities affected by ongoing public highway projects. The EDA is required to review and approve grant applications on a rolling basis, subject to available funds.

New Jersey A4426 establishes a grant program to support businesses impacted by public highway projects and provides a 50% sales and use tax exemption.

New Jersey A4426 creates a grant program administered by the New Jersey Economic Development Authority (EDA) to support retail businesses impacted by public highway projects. The grant compensates businesses for increased expenses incurred during the project period. The bill also provides a 50% exemption from sales and use tax for businesses in municipalities affected by ongoing public highway projects. The EDA is required to review and approve grant applications on a rolling basis, subject to available funds.