Assembly Commerce and Economic Development Committee Statement to Assembly, No. 1899 (March 14, 2022)

Summary

Statement of the Assembly Commerce and Economic Development Committee, State of New Jersey, dated March 14, 2022, reporting favorably Assembly Bill No. 1899. The bill would provide a sales and use tax exemption for purchases made by a small business between September 1, 2020 and March 31, 2021 to conduct its normal indoor operations outdoors due to the COVID-19 pandemic. A small business would be entitled to a refund equal to the sales tax paid for each qualified item or service. The exemption would cover products to melt or remove snow and ice, tents and space heaters.

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ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

ASSEMBLY,
No. 1899

STATE
OF NEW JERSEY

DATED: MARCH
14, 2022

The Assembly Commerce and Economic Development Committee
reports favorably Assembly Bill No. 1899.

This bill would provide a sales and use tax exemption
for purchases made by a small business between September 1, 2020 and March 31,
2021 to enable the business to conduct its normal indoor operations outdoors.
The bill targets relief to small businesses that incurred costs for having to
establish or expand outdoor operations during the fall of 2020 or winter of
2021 due to the COVID-19 pandemic. A small business would be entitled to a
refund equal to the amount of sales tax paid for each qualified item purchased
or service rendered. This exemption would cover purchases of products to melt
or remove snow and ice, as well as tents, and space heaters.

This bill was pre-filed for introduction in the 2022-2023
session pending technical review. As reported, the bill includes the changes
required by technical review, which has been performed.

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