Budget & Taxes (Tax Incentives)

in committee · New Jersey · Senate Feb 2, 2026

SCR 76: Proposes constitutional amendment to provide property tax exemption for primary residence of police officer, firefighter, or emergency medical technician who suffers line of duty injury.

SCR 76 proposes a constitutional amendment requiring New Jersey to grant a 100% property tax exemption on the primary residence of police officers, firefighters, or emergency medical technicians (EMTs) who suffer line-of-duty injuries and qualify for an accidental disability pension. If approved by voters, the amendment would compel the Legislature to pass a law implementing this exemption. The exemption would apply solely to the primary residence of eligible first responders, covering all property taxes on that home. This measure does not provide immediate tax relief but sets up a process requiring voter approval before the exemption can be enacted through legislation.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 100% property tax exemption for first responders' primary residences, reducing their tax burden as direct tax relief for eligible middle-income workers.95% confidence

Sub-Topics Pensions Property Tax Tax Incentives

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3971: Establishes Fusion Energy and Technology Incentive Program in EDA to encourage use of power plants for fusion energy and technology purposes; authorizes funds in Global Warming Solutions Fund to support fusion energy and technology facilities.

This bill creates a Fusion Energy and Technology Incentive Program through New Jersey's Economic Development Authority (EDA) to encourage using power plant sites for fusion energy development. It provides tax credits to two groups: (1) property owners who lease space on power plant sites to fusion companies (15% of rent plus 35% of qualifying site preparation costs), and (2) fusion companies operating facilities on those sites. The program is limited to $5 million in annual tax credits and applies to both operational and decommissioned power plants. It directly affects New Jersey-based fusion energy companies and property owners with eligible power plant sites.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits (15% rent + 35% site costs) for fusion energy development, providing targeted tax relief through EDA program with $5M annual cap.95% confidence ✓ EnergySupports EnergyCreates Fusion Energy Incentive Program with tax credits and $5M annual funding from Global Warming Solutions Fund to advance clean energy infrastructure.95% confidence

Sub-Topics Tax Incentives

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in committee · New Jersey · Senate Feb 19, 2026

SCR 101: Proposes constitutional amendment to provide property tax exemption for primary residence owned and occupied by surviving spouse of first responder who dies in line of duty.

This bill proposes a constitutional amendment to exempt the primary residence of a surviving spouse from property taxes if their first responder spouse (law enforcement, firefighter, or emergency medical service member) died while on duty. The exemption applies only to homes the first responder lived in as their primary residence at the time of death, and continues as long as the spouse owns, occupies the home, and does not remarry. The state would reimburse local taxing districts annually for the lost property tax revenue from these exempt properties. This amendment requires voter approval to become law, as it would amend the New Jersey Constitution.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for surviving spouses of first responders, offering tax relief per fiscal policy indicators.95% confidence

Sub-Topics Property Tax Revenue Tax Incentives

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in committee · New Jersey · General Assembly Jan 13, 2026

A 2816: Extends veteran's gross income tax exemption to spouses of deceased veterans.

This bill (A 2816) amends New Jersey's tax code to extend a $6,000 gross income tax exemption currently available to veterans to the spouses of deceased veterans. Under the current law, a veteran's spouse could claim this exemption only in the tax year the veteran died (if filing jointly), but not in future years. The bill would allow the spouse to continue claiming the $6,000 exemption starting the year after the veteran's death, and until the year they remarry. This directly affects surviving spouses of veterans who were honorably discharged and eligible for the exemption in their final tax year.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends $6,000 tax exemption to surviving spouses, providing ongoing tax relief for vulnerable veterans' families, directly aligning with tax relief indicators.95% confidence ✓ VeteransSupports VeteransExtends tax exemption to surviving spouses, expanding financial benefit beyond current law's one-year limit for veterans' families.95% confidence

Sub-Topics Income Tax Tax Incentives Military Families

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in committee · New Jersey · Senate Feb 9, 2026

S 3388: Authorizes creation of urban enterprise zone in Hoboken City.

S 3388, sponsored by Senator Raj Mukherji, authorizes the creation of an urban enterprise zone in Hoboken City. This bill amends existing law to designate Hoboken as a qualifying municipality for enterprise zone benefits, allowing businesses operating within the zone to qualify for tax incentives. To qualify, businesses must meet specific criteria, including having at least 25% of full-time employees who are residents of the zone, unemployed for six months, or low-income individuals meeting federal Workforce Investment Act standards. The zone would offer reduced sales tax collection benefits for qualifying businesses under the state's enterprise zone program, directly affecting businesses and workers in Hoboken's designated area.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes tax incentives for businesses meeting specific hiring criteria, directly using tax policy to stimulate economic development in Hoboken.90% confidence

Sub-Topics Sales Tax Tax Incentives Tags Economic Development

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in committee · New Jersey · Senate Mar 2, 2026

S 3710: Provides exemption from payments in lieu of property taxes to certain veterans who have suffered permanent and total disability.

This bill (S 3710) expands an existing New Jersey property tax exemption to cover veterans with specific service-connected permanent total disabilities. It exempts the primary residence of qualifying veterans - those with disabilities like permanent paralysis, blindness, or amputations from service-related injuries - from "payments in lieu of property taxes" imposed by municipalities. Surviving spouses of eligible veterans or those who died in service also qualify for the exemption under defined conditions. The exemption applies only to the veteran’s or spouse’s primary residence, excluding homeowner association fees. It amends an existing law (P.L.1948, c.259) to include additional qualifying disabilities while excluding cases involving syphilis, alcohol misuse, or self-inflicted injury.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for disabled veterans, reducing their tax burden. Fits tax relief indicator for support.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption for veterans with service-connected permanent disabilities, directly advancing financial benefits and recognition for veterans as described in the bill's summary.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1839: Reinstates annual sales tax holiday for retail sales of computers, school computer supplies, school supplies, school art supplies, school instructional materials, and sport or recreation equipment.

This bill reinstates an annual sales tax holiday for specific school-related purchases in New Jersey. It exempts retail sales of computers under $3,000, school computer supplies under $1,000, school supplies, art supplies, instructional materials, and sport/recreation equipment when bought by individuals for non-business use. The tax exemption applies during a defined 10-day period each year: from 12:01 a.m. on the ninth day before the first Monday in September through 11:59 p.m. on that Monday. The bill takes immediate effect and applies to sales occurring at least 30 days after enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesReinstates sales tax exemption for school-related items, providing direct tax relief to families purchasing educational supplies and computers.95% confidence ✓ EducationSupports EducationExempts school supplies, computers, and instructional materials from sales tax, reducing costs for families and improving access to educational resources.90% confidence

Sub-Topics Sales Tax Tax Incentives Curriculum

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in committee · New Jersey · Senate Feb 9, 2026

S 3443: "Atlantic City Urban Enterprise Zone and Property Tax Relief Act"; creates urban enterprise zone in Atlantic City for 10 years.

This bill creates a 10-year urban enterprise zone (UEZ) in Atlantic City, offering property tax relief to qualifying businesses operating within the zone. It directly affects businesses that meet specific workforce criteria, such as employing at least 25% of full-time workers from eligible local areas (including low-income residents, long-term unemployed, or public assistance recipients) and maintaining tax compliance. The zone excludes casinos themselves but allows non-casino businesses operating on casino property to qualify for tax benefits if they meet the hiring requirements. The bill amends existing UEZ laws to establish Atlantic City as a designated zone under the same framework used for other urban enterprise zones in New Jersey.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief to businesses meeting workforce criteria for low-income residents, directly advancing tax relief policy for targeted economic development.95% confidence

Sub-Topics Property Tax Tax Incentives Tags Economic Development

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1487: Provides gross income tax credits to support development of New Jersey-based small business start-ups.

This bill provides tax credits to New Jersey-based small businesses during their first three years of operation. It directly affects qualifying startups that are registered in New Jersey, maintain most operations within the state, have no more than 50 employees, and earn under $100,000 net income in their first taxable year. The credit reduces the business's gross income tax liability by 75% in year one, 50% in year two, and 25% in year three. Businesses must apply for approval from the state director to claim these credits, ensuring they aren't using the credit to offset taxes from other unrelated businesses.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits reducing liability for small businesses, directly offering tax relief to qualifying startups under $100k net income.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Tags Small Business

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1246: Requires cost-benefit analyses and local government financial impact findings for approval of long term property tax exemption; requires DCA to post Statewide database of these exemptions on its Internet website.

This bill requires municipalities to conduct cost-benefit analyses assessing how long-term property tax exemptions affect local government finances, including impacts on municipal revenues, tax revenues, and one-time/ongoing costs. It mandates that these analyses - and subsequent municipal resolutions approving or disapproving exemptions - be posted online within 30 days. The Department of Community Affairs must also create a statewide database compiling all approved exemptions and related financial data, sorted by municipality. These provisions apply to urban renewal projects seeking tax exemptions under existing law.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires cost-benefit analyses for property tax exemptions to ensure fiscal responsibility and transparency in local government budget impacts.95% confidence

Sub-Topics Property Tax Tax Incentives

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