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Bill

S 4370

"Road to Tax Relief Act"; provides credit for sales tax remittances for businesses impacted by public highway projects, including Interstate 80 project; provides tax credits for certain businesses and persons impacted by same projects; makes appropriation.

2024-2025 Regular Session Introduced by Tony Bucco and 1 co-sponsor

New Jersey bill creates tax credits for businesses and individuals harmed by highway construction, particularly I-80 projects, funded through appropriations.

Introduced in the Senate, Referred to Senate Transportation Committee
#highways
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Bill Summary · S 4370

Legislative bill overview

S 4370 creates tax credits for businesses and individuals negatively affected by public highway construction projects, particularly the Interstate 80 project in New Jersey. The bill allows affected businesses to claim credits against sales tax remittances they owe to the state, and includes an appropriation to fund these credits.

Why is this important

Highway construction projects disrupt business operations through reduced access, customer traffic decline, and operational costs. This bill attempts to compensate those economic losses through the tax system, potentially helping small businesses survive extended construction periods while major infrastructure improvements occur.

Potential points of contention

  • Qualification criteria: The bill language doesn't specify which businesses qualify or how "impact" will be measured—subjective impact assessments could lead to disputes or unfair distributions of credits
  • Cost and sustainability: The appropriation amount is unspecified, raising questions about whether funding is sufficient and how the state will absorb revenue losses from widespread tax credits
  • Precedent and scope: Creating construction-impact credits could establish expectations for future projects, potentially becoming an expensive ongoing obligation that discourages necessary infrastructure work
  • Fairness concerns: Businesses on competing routes might argue they also lost customers, and determining which projects trigger credits could be politically contentious

Compiled from official sources — confirm details with the bill’s official record.

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