S1949 / S3054

22 Sep: Sweeney Legislation Aimed At Spurring Job Growth Through Tax Breaks Clears Committee

TRENTON – Two pieces of legislation sponsored by Senate President Steve Sweeney (D-Gloucester, Cumberland, Salem) that would help spur job creation and economic growth cleared the Senate Budget and Appropriations Committee today.

The first bill, S-1949, would exempt business facilities that employ at least 50 people, at least 50 percent of whom are directly employed in a manufacturing process, from one-half of the tax imposed under the Sales and Use Tax Act on the retail sale of energy and utility services that are consumed exclusively at that facility.