Authorizes creation of urban enterprise zone in Hoboken City.

This bill authorizes the creation of an urban enterprise zone (UEZ) in Hoboken, New Jersey, making it the 33rd zone under New Jersey's program established in 1983. Qualified businesses located within the designated Hoboken zone would be eligible to pay only half the standard sales tax on retail sales, as part of the state's economic development initiative. The Hoboken application must be submitted to the New Jersey Urban Enterprise Zone Authority, which would have 90 days to formally designate the zone. The program aims to stimulate economic development by providing tax incentives to businesses that meet specific criteria, such as employing residents from the zone or low-income individuals.