New Jersey S3594 provides a temporary sales and use tax deduction for food and beverage establishments.
New Jersey S3594 offers a temporary tax deduction for food and beverage establishments from sales and use tax remittances. This bill allows qualifying establishments to deduct taxes collected from up to $70,000 in monthly taxable sales per eligible location during a four-month relief period. Eligible establishments include alcoholic beverage establishments, restaurants, and mobile food service establishments. The deduction cannot exceed the amount of taxes collected at the business location for the month.
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