On Thursday , the Assembly Appropriations Committee favorably reported 
   A - 5438
    , which 
   would clarify the process for appropriating revenue under the State Urban Enterprise Zone ( UEZ ) Program for use within the UEZs .  
    
   The bill is designed to overcome administrative issues 
   identified
    during attempts to implement provisions of a recent amendment ( P . L . 2021 , c . 197 ) to the 
   “
   New Jersey Urban Enterprise Zones Act ,
   ”
     ( NJUEZA ) P . L . 1983 , c . 303 ( C . 52:27H - 60 et seq . ) .   Specifically , this bill would:
    
    
   P
   rovide that revenues collected in UEZs from retail sales subject to the 50% sales tax exemption would be deposited in the Zone Assistance Fund ( ZAF ) ;
    
   modify NJUEZA language to provide that UEZ revenue will flow directly to the ZAF;
    
   P
   rovide that sales of medical and recreational cannabis , and related supplies , are excluded from the term “retail sales” as used in the NJUEZA and ,  
   like 
   alcoholic beverages and other goods and services , would not be eligible for a reduction in sales tax under the NJUEZA
    .
    
   S - 3837
    , the Senate companion bill passed in June . The League supports this legislation . Urban Enterprise Zones are a vital economic development tool for communities across the state .  
   The Assembly will consider this legislation on Monday , January 8 .
   Contact:
    Paul Penna , Senior Legislative Analyst ,
   ppenna@njlm . org
    , 609 - 695 - 3481 , x110
    .
    
   

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