NJ Bill Seeks Biz Tax Deduction For Virus Cleaning Supplies

New Jersey would allow businesses to claim a gross income tax or corporation business tax deduction for the cost of purchasing cleaning supplies as a result of the novel coronavirus pandemic, under a bill introduced in the state Senate.

S.B. 3201, which Sen. Steven Oroho, R-Sparta, introduced Thursday, would allow businesses to deduct 50% of qualifying cleaning expenses, while businesses with 50 or fewer employees could deduct 65%. Qualifying expenses are cleaning products or services that are needed only as a result of the pandemic, according to the bill.

If enacted, the bill would take immediate effect.

--Editing by Tim Ruel.

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