Treatment of Out-of–State Businesses and Employees During a Declared Disaster or Emergency
P.L. 2019, Chapter 7 – This law, which was enacted and became effective on January 31, 2019, excludes certain out-of-State businesses and employees from certain taxes, fees, and business registration requirements when temporarily working in New Jersey during a declared disaster or emergency.
An out-of-State business that restores critical infrastructure during a declared disaster is not required to register, file, report and pay State or local taxes or fees that require the filing of a New Jersey tax return. Out-of-State employees, or their employers, are not required to report and pay State or local income taxes. However, when out-of-State businesses or employees purchase goods and services used in New Jersey, they must pay all associated taxes and fees. Examples of these taxes and fees are fuel taxes, Sales and Use Tax, occupancy taxes and fees, and motor vehicle rental taxes and fees.
An out-of-State business or employee that remains in New Jersey after the disaster period ends is subject to the State’s normal standards for establishing physical presence and doing business in this State. The business or employee will be responsible for any State or local tax liabilities or requirements to do business in this State.
Amends New Jersey Angel Investor Tax Credit Act
P.L. 2019, Chapter 145 - This law increases the amount of Corporation Business Tax and Gross Income Tax credits available to investors in a New Jersey emerging technology business or emerging technology business holding company under the “New Jersey Angel Investor Tax Credit Act.” This law took effect June 30, 2019 and applies to qualified investments made during privilege periods and tax years beginning on and after January 1, 2020.
Veterans Gross Income Tax Deduction Personal Exemption Increase
P.L. 2019, Chapter 146
- This law increases the Gross Income Tax deduction available to Veterans from $3,000 to $6,000 and is in addition to the $1,000 personal exemption to which each taxpayer is entitled, and any additional exemption for which the veteran is eligible. The law became effective June 30, 2019 and applies to tax years beginning on and after January 1, 2019.
Amends Tobacco and Vapor Products Tax Act
P.L. 2019, Chapter 147
- This law, known as the “Tobacco and Vapor Products Tax Act,” imposes licensing requirements on vapor business, limits the sale of container e-liquid to vapor businesses, and imposes a 10% tax on the sale of container e-liquid. This law will take effect November 1, 2019.
Assistance with Business Reinstatements
P.L. 2019, Chapter 149
- This law assists inactive or revoked status business entities achieve reinstatement, or execute a streamlined termination, by filing a single application and supporting documentation along with a $500 administrative fee. This is for a temporary period not to exceed 180 days and to end no later than June 15, 2020. The law also eliminates the reinstatement fee for late filing, establishes a grace period for waiver of the tax clearance requirement for recently revoked entities, and establishes a uniform tax clearance procedure for all for-profit entities following the grace period. In addition, the annual report fee for for-profit entities has been increased by $25 to $75 and the fee for non-profit entities has been increased by $5 to $30. This law became effective June 30, 2019.
Eligibility Information for State Tax Relief Programs on Property Tax Bills
P.L. 2019, Chapter 186
- This law requires property tax bills to contain eligibility information on State tax relief programs. This law became effective on July 19, 2019 and is applicable to tax bills printed 60 days after the effective date, July 19, 2019.
Veteran’s Property Tax Deduction Eligibility Extended
P.L. 2019, Chapter 203
– This law extends the veteran’s property tax deduction to residents of continuing care retirement communities. This law became August 5, 2019; however it will remain inoperative until approved by voters via constitutional amendment.
Exclusion of Transient Accommodation Taxes and Fees
P.L. 2019, Chapter 235
- This law excludes any accommodation not obtained through a transient space marketplace from transient accommodation taxes and fees, unless it is a professionally managed unit. A transient space marketplace is defined as the payment for the accommodation is made through a means provided by the marketplace or travel agency, either directly or indirectly, regardless of which person or entity receives the payment, and where the contracting for the accommodation is made through the marketplace or travel agency. This law became effective on August 9, 2019.