New Jersey legislation · 2026-2027 Regular Session
New Jersey A5551: Small businesses-provide tax credits for portion of costs paid for ads
Status: In committee, September 24, 2026
Provides corporation business tax and gross income tax credits to small businesses for portion of costs paid for advertisements with local news organizations.
What the bill says
An Act concerning tax credits for small businesses that advertise with local news organizations, and supplementing P.L.1945, c.162 (C.54:10A-1 et seq.) and Title 54A of the New Jersey Statutes.
From the introduced text, September 24, 2026:
An Act concerning tax credits for small businesses that advertise with local news organizations, and supplementing P.L.1945, c.162 (C.54:10A-1 et seq.) and Title 54A of the New Jersey Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. a. A taxpayer that is a small business shall be allowed a credit against the tax imposed pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5), in accordance with the following schedule, for the qualifying local media advertising expenses paid by the taxpayer during the privilege period: (1) for privilege periods beginning on or after January 1, 2027, but before January 1, 2028, the amount of the credit shall be equal to 80 percent of the qualifying local media advertising expenses paid by the taxpayer during the privilege period, not to exceed $5,000 per privilege period; and (2) for privilege periods beginning on or after January 1, 2028, the amount of the credit shall be equal to 50 percent of the qualifying local media advertising expenses paid by the taxpayer during the privilege period, not to exceed $2,500 per privilege period. b. To claim the credit allowed pursuant to this section, a taxpayer shall attach to any return which the taxpayer is required to file under P.L.1945, c.162 (C.54:10A-1 et seq.) such documentation as the director …
Sponsors
- Kenyatta Stewart (D, 35) · primary sponsor
- Balvir Singh (D, 7) · primary sponsor
- Alexander Schnall (D, 30) · primary sponsor
Latest actions
- : INT 1RA REF ACE
Subjects: TAXATION - PERSONAL INCOME TAX, TAXATION - BUSINESS TAXES
Common questions
- What is A5551?
- A5551 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Small businesses-provide tax credits for portion of costs paid for ads.
- What does A5551 do?
- In its own words: An Act concerning tax credits for small businesses that advertise with local news organizations, and supplementing P.L.1945, c.162 (C.54:10A-1 et seq.) and Title 54A of the New Jersey Statutes.
- What is the status of A5551?
- In committee as of September 24, 2026. Latest action: INT 1RA REF ACE (September 24, 2026).
- Who sponsored A5551?
- Kenyatta Stewart (D, 35), with 2 co-sponsors.
- Where is the official record for A5551?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5551
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.