Establishes EDA grant program to support increased business expenses incurred by certain businesses impacted by certain public highway projects; provides 50 percent sales and use tax exemption in impacted municipalities; appropriates $1 million.

Summary

The bill establishes a New Jersey Economic Development Authority grant to reimburse increased expenses for qualifying retail businesses located in zones where a public highway project impedes traffic. It also provides a 50 % sales and use tax exemption for sellers in municipalities impacted by such projects. The goal is to help small businesses remain viable while construction disrupts normal operations.

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