Extends certain accommodations implemented during COVID-19 public health emergency for businesses participating in State economic development programs.

The bill extends accommodations for businesses participating in New Jersey's economic development programs that were implemented during the COVID-19 emergency. For the 2024 tax period and beyond, businesses can elect to waive the requirement that full-time employees spend at least 60% of their time at the business facility, provided they demonstrate employees spend at least 80% of work time in New Jersey and meet other conditions. Businesses making this election must pay 5% of their tax credit to the authority for small business support. These accommodations apply to programs including the Business Employment Incentive Program and Emerge Program. The change addresses ongoing pandemic impacts on business operations while maintaining program requirements.