Bill · H.R. 8655· House(119-HR-8655)
Jersey Pride Tax Credit Act of 2026
- Introduced
- 5/4/2026
- Last activity
- 5/4/2026 — Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Sponsored by
- Josh Gottheimer
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The Jersey Pride Tax Credit Act of 2026 aims to amend the Internal Revenue Code. It proposes the creation of a tax credit for taxpayers who sell products that promote the State of New Jersey. Additionally, the bill directs port authorities to provide preference when renting commercial space to businesses selling these eligible products. This credit would be equal to 25 percent of the aggregate amount of eligible products sold to unrelated parties. The changes regarding the tax credit would apply to products sold after December 31, 2025.
Yes· 3 of 7
Does this cut taxes for small businesses?+6
The bill creates a new 25 percent tax credit for taxpayers selling products that promote New Jersey.
Would business owners be better off under this?+6
The bill offers a specific 25 percent tax credit and commercial space advantages to business owners selling qualifying products.
Does this make it easier to run a small business?+5
The bill provides both a direct tax credit and preferential access to commercial space at port authorities for eligible businesses.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Tax Relief for Specific Businesses: Under Section 2(a), taxpayers selling "eligible products" that promote New Jersey can receive a tax credit equal to 25 percent of the aggregate amount sold to unrelated parties during the taxable year.
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Retail Opportunities at Ports: According to Section 3, port authorities shall give preference to businesses that sell an eligible product when renting out commercial space.
Potential Negative Impacts for People
- No specific negative impacts or burdens are explicitly detailed within the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces Small Business Taxes+6Improves Small Business Support+5Improves Economic Growth+3Increases Job Creation+3
- Demographic And Interest Groups
- Good For Business Owners+6Good For Urban Residents+2
- Environment Energy And Infrastructure
- Improves Public Transit+2
- 5/4/2026
- Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 1 Cosponsor added.
- Introduced in House
Nellie PouDemocrat · New Jersey