New Jersey A2666 provides a temporary sales and use tax deduction for food and beverage establishments.
New Jersey A2666 provides a temporary deduction for food and beverage establishments from remittances under the Sales and Use Tax Act. Qualifying establishments include alcoholic beverage establishments, restaurants, and mobile food service establishments. A seller can claim the deduction for up to five business locations or five motorized vehicles or nonmotorized carts. The deduction allows for retaining a portion of the sales taxes collected from up to $70,000 in taxable sales per eligible location during a four-month relief period.
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