New Jersey's 24th Legislative District

Senator Steven Oroho

Senator Steve Oroho

Oroho/Smith Bill to Provide Relief to Businesses that Fortified Buildings Against COVID-19 Advances

Please Share:

Bookmark and Share

In an effort to provide relief to businesses that made structural improvements to reduce the spread of COVID-19, legislation sponsored by Senator Steve Oroho and Senator Bob Smith would establish a gross income tax credit for certain improvements made on nonresidential buildings during the tax years of 2020, 2021 and 2022. The bill was released from the Senate Budget and Appropriations Committee today.

Sen. Steve Oroho sponsors bipartisan legislation to provide gross income tax credits for the owners of nonresidential buildings who invest in projects to combat the spread of COVID-19. (Pixabay)

“Owners are not likely to commit to these beneficial projects without some encouragement,” said Senator Oroho (R-Morris/Sussex/Warren). “The temporary credits in this bill will make it more appealing to do the right thing to keep people safe during the pandemic.”

 “As businesses adapted and responded to the dangers of COVID-19, they experienced extra costs and expenses they were not prepared for. The expenditures businesses have incurred throughout the pandemic to increase safety in their buildings and offices for their employees and clients, has weighed on them as they have struggled to stay afloat,” said Senator Smith (D-Middlesex/Somerset). “This bill will provide tax relief to businesses that made improvements to their facilities to decrease the spread of COVID-19.”

Under the bill, S-3305, the tax credit would cover expenditures aimed at improving the safety of nonresidential buildings. Those expenditures would include improvements to ventilation, ultraviolet lighting, infrared thermometers, transparent sneeze guards or shields, touchless entryway and security, and any equipment meant to create a safer work environment for employees.

The bill was released from committee by a vote of 12-0.

Similar Posts on SenateNJ.com

Leave a Comment:

Comment Rules: Please remain civil, stay on topic, and refrain from using foul or abusive language. Posts that violate those rules may be hidden or deleted, and repeated violators may be blocked. To prevent spam, comments with links are automatically filtered.


NJ COVID-19 Information HUB

District 24 Guide

Steven Oroho

Steve's Bio & Public Service

Constituent Services

Steve Can Help You!

Contact Steve

Steve Wants to Hear from You!

District 24

About the Legislative District

Email Updates

Sign Up for Steve's Newsletter

Facebook

Follow Steve's Page

Internships

Students - Get Involved

Legislative Activity

Committees, Bills & Votes

Twitter

Tweet @stevenoroho

Steve's Recent Posts

- Proudly Serving Parts of Morris, Sussex and Warren Counties -