SENATE COMMUNITY AND URBAN AFFAIRS COMMITTEE

STATEMENT TO

SENATE, No. 1834

STATE OF NEW JERSEY

DATED:  MAY 11, 2026

      The Senate Community and Urban Affairs Committee reports favorably Senate Bill No. 1834.

      As reported, this bill authorizes the creation of an urban enterprise zone (UEZ), based upon certain poverty and population statistics, in Burlington City in Burlington County.  The additional UEZ authorized under the bill is to be designated within 90 days of the date the municipality submits an application and zone development plan to the New Jersey Urban Enterprise Zone Authority.  Qualified businesses in the additional UEZ designated under the bill are entitled the benefits under the UEZ program, including, but not limited to, the collection of sales and use taxes on retail sales at a tax rate of half of the tax imposed under the "Sales and Use Tax Act."

      This bill was prefiled for introduction in the 2026-2027 session pending technical review.  As reported, the bill includes the changes required by technical review, which has been performed.