New Jersey Economic Advisory Council Reports on COVID-19 Recovery
SUMMARY BY TAX ANALYSTS
The New Jersey Economic Advisory Council released a report with recommendations on how the state can best recover from the economic downturn caused by COVID-19, including expanding tourism efforts funded by hotel and occupancy taxes; providing tax rebates or credits to businesses with 50 or fewer employees for COVID-19-related purchases such as personal protective equipment; and a new job creation tax incentive for small businesses.