New Jersey 2022-2023 Regular Session

New Jersey Assembly Bill A3845

Introduced
5/9/22  

Caption

Provides tax credits to owners of certain food and drink establishments for eligible health and safety expenditures made during COVID-19 pandemic.

Impact

The bill proposes a one-time, nonrefundable tax credit that would apply against the corporation business tax and the gross income tax, allowing eligible businesses to claim up to $1,000 for qualifying expenditures related to health and safety. The eligible expenditures include costs for personal protective equipment and other capital expenditures aimed at complying with health mandates. By enabling these tax credits, the bill aims to promote a safer environment in food and drink establishments, which have been significantly impacted by the pandemic.

Summary

Assembly Bill A3845, introduced in May 2022, aims to provide tax relief to owners of certain food and drink establishments, specifically alcoholic beverage manufacturers, bars, and restaurants, by offering tax credits for eligible health and safety expenditures incurred during the COVID-19 pandemic state of emergency. This initiative is designed to alleviate some of the financial burdens faced by these businesses while they adapt to heightened health and safety protocols mandated by executive orders during the pandemic.

Contention

Notable points of contention surrounding A3845 may involve discussions on the efficacy of tax credits as a means of supporting the restaurant and bar industry. Critics might question whether a $1,000 cap sufficiently addresses the extensive costs incurred by businesses during the pandemic. Additionally, there may be concerns regarding the method of implementation, including potential bureaucratic delays in reimbursing businesses or the administrative burden placed on local tax authorities for administering the credits.

Companion Bills

NJ S2718

Same As Provides tax credits to owners of certain food and drink establishments for eligible health and safety expenditures made during COVID-19 pandemic.

Previously Filed As

NJ S2718

Provides tax credits to owners of certain food and drink establishments for eligible health and safety expenditures made during COVID-19 pandemic.

NJ A570

Provides tax credits to owners of certain food and drink establishments for eligible health and safety expenditures made during COVID-19 pandemic.

NJ S4546

Provides CBT and GIT credits to certain food and drink establishments for purchase of certain local ingredients and products.

NJ S1604

Provides gross income tax credit to volunteer first responders who provided services during COVID-19 pandemic.

NJ A2939

Provides gross income tax credit to volunteer first responders who provided services during COVID-19 pandemic.

NJ S3683

"Grown Here, Eaten Here Act"; provides CBT and GIT tax credits to qualifying food establishments for costs of purchasing certain local ingredients.

NJ AB87

Economic relief: COVID-19 pandemic.

NJ SB113

Economic relief: COVID-19 pandemic.

NJ HB37

Authorizes an income tax credit for certain businesses whose operations were interrupted as a result of the COVID-19 pandemic (Items #26 and 65) (EN DECREASE GF RV See Note)

NJ A974

Provides corporation business tax and gross income tax credits for certain employer-provided child care expenditures.

Similar Bills

NJ A570

Provides tax credits to owners of certain food and drink establishments for eligible health and safety expenditures made during COVID-19 pandemic.

NJ S2718

Provides tax credits to owners of certain food and drink establishments for eligible health and safety expenditures made during COVID-19 pandemic.

CA AB1203

Sales and use taxes: exemptions: breast pumps and related supplies.

CA AB314

Sales and Use Tax: exemptions: trucks for use in interstate or out-of-state commerce.

CA AB365

Sales and use taxes: exemption: zero-emission and near-zero-emission drayage trucks.

CA AB2887

Public resources: Sales and Use Tax Law: exclusions.

LA HB635

Reduces all tax rebates (EN +$5,000,000 GF RV See Note)

HI SB3027

Relating To The Strategic Plan To Increase Food Production And Food Security.