New Jersey A3846 provides tax relief for businesses and employees impacted by public highway projects.
New Jersey A3846, known as the "Road to Tax Relief Act," provides various forms of tax relief to businesses and employees adversely impacted by public highway projects. The bill allows retail business establishments within an "impacted construction zone" to claim a refundable credit against sales tax remittances. Employees of these businesses can claim a credit against gross income tax based on lost wages due to reduced work schedules. The bill also provides corporate income tax credits to businesses based on revenue losses.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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