New Jersey legislation · 2026-2027 Regular Session
New Jersey A5593: Main Street Storefront Investment Credit Act-prov tax credits, prop improvements
Status: In committee, October 5, 2026
"Main Street Storefront Investment Credit Act"; provides corporation business and gross income tax credits to small businesses for certain property improvements.
What the bill says
An Act providing tax credits for certain improvements to small business properties, designated as the Main Street Storefront Investment Credit Act, 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, October 5, 2026:
An Act providing tax credits for certain improvements to small business properties, designated as the Main Street Storefront Investment Credit Act, 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. As used in this section: Eligible investment means an expense incurred by a qualified small business for improvements to a property owned or leased by the business for use in its principal business operations, which improvements are intended to increase the profitability of the business, including, but not limited accessibility improvements; installation of a security system; improvements to the exterior lighting, signage, awnings, and façade; installation of energy-efficient windows; commercial kitchen upgrades; and heating, ventilation, and air conditioning improvements. Qualified small business means a business with no more than 50 full-time employees, that is independently owned and operated, has its principal place of business in the State, and is not delinquent or deficient with respect to the payment of any State tax. b. A taxpayer that is a qualified 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 an amount equal to 30 percent of the eligible investments incurred during the privilege period by the taxpayer, …
Sponsors
- Gerry Scharfenberger (R, 13) · primary sponsor
- Victoria A. Flynn (R, 13)
- Robert D. Clifton (R, 12)
Latest actions
- : INT 1RA REF ACE
Subjects: TAXATION - BUSINESS TAXES
Common questions
- What is A5593?
- A5593 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Main Street Storefront Investment Credit Act-prov tax credits, prop improvements.
- What does A5593 do?
- In its own words: An Act providing tax credits for certain improvements to small business properties, designated as the Main Street Storefront Investment Credit Act, 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 A5593?
- In committee as of October 5, 2026. Latest action: INT 1RA REF ACE (October 5, 2026).
- Who sponsored A5593?
- Gerry Scharfenberger (R, 13), with 2 co-sponsors.
- Where is the official record for A5593?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5593
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.