Assembly Commerce and Economic Development Committee Statement to Assembly, No. 4958, Dated March 8, 2021

Summary

Statement of the Assembly Commerce and Economic Development Committee of the State of New Jersey, dated March 8, 2021, reporting Assembly Bill 4958 favorably. The bill provides a sales and use tax exemption, paid as a refund of sales tax, for small businesses that bought items or services to conduct their indoor operations outdoors during the fall and winter seasons due to the COVID-19 pandemic. A small business is one with fewer than 20 full-time employees. The exemption covers purchases made or services rendered to winterize the business between September 1, 2020 and March 31, 2021, including 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. 4958

STATE
OF NEW JERSEY

DATED: MARCH 8,
2021

The Assembly Commerce and Economic Development Committee
reports favorably Assembly Bill No. 4958.

This
bill would provide a sales and use tax exemption for purchases made by a small
business during a brief period of time which purchases enable the business to
conduct its normal indoor operations outdoors. The bill targets relief to
small businesses that incur costs for having to establish or expand outdoor
operations during the fall and winter seasons 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.

Under
the bill, a small business, one that employs fewer than 20 full-time employees,
would be eligible to apply for a sales and use tax exemption for purchases made
or services rendered to winterize the business, which purchases or services are
made or rendered between September 1, 2020 and March 31, 2021. The exemption would
apply to items purchased or services rendered to a small business that enable
the business to conduct business outdoors during the fall and winter seasons
due to the COVID-19 pandemic. This exemption would cover purchases of products
to melt or remove snow and ice, as well as tents, and space heaters.

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