Establishes credit under sales and use tax for certain small businesses that collect and remit sales and use tax.

This bill establishes a sales tax credit for small businesses in New Jersey that collect and remit sales tax. It provides a credit equal to 10% of a business's monthly tax remittance, capped at $100 per month, when filing tax returns. To qualify, a business must be independently owned, operate with fewer than 20 full-time employees, and verify eligibility with tax authorities. Businesses falsely claiming the credit face penalties of $100 for a first offense and $200 for subsequent offenses. The credit applies to sales tax remitted on or after the sixth month following the bill's enactment.