Jersey Pride Tax Credit Act of 2026
Sponsored By: Representative Gottheimer, Josh [D-NJ-5]
Introduced
Summary
This bill would create a 25% Jersey Pride tax credit and require port authorities to favor businesses that sell products that promote the State of New Jersey.
Show full summary
- Businesses that sell "eligible products"—products defined as promoting the State of New Jersey—could claim a credit equal to 25% of qualifying sales to unrelated parties, and the credit is added to the General Business Credit.
- Port authorities would be required to prefer tenants that sell those eligible products when renting commercial space, increasing storefront and retail visibility for Jersey-branded goods at ports.
- The credit would apply to products sold after December 31, 2025, per the bill's effective date.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Tax credit for New Jersey sellers
If enacted, you would be able to claim a Jersey Pride tax credit equal to 25% of the dollar amount of eligible products you sold to unrelated parties in the taxable year. An eligible product is any product that promotes the State of New Jersey. The credit would be part of the General Business Credit. The rule would apply to products sold after December 31, 2025.
Port lease preference for NJ sellers
If enacted, port authorities (as defined in 46 CFR 340.2) would have to give preference when renting commercial space to businesses that sell an eligible product. Eligible product uses the same definition as the Jersey Pride tax credit (products that promote New Jersey). The preference would apply only in the context of port-authority commercial leases. The bill does not provide new funding or change tax formulas.
Sponsors & CoSponsors
Sponsor
Gottheimer, Josh [D-NJ-5]
NJ • D
Cosponsors
Rep. Pou, Nellie [D-NJ-9]
NJ • D
Sponsored 5/4/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov