"New Jersey Makes, the World Takes Act"; allows corporation business tax credit for selling New Jersey made products.

S 2658, the "New Jersey Makes, the World Takes Act," creates a corporation business tax credit for businesses selling products made in New Jersey. Taxpayers receive a $3.31 credit for every $100 in retail sales of qualifying New Jersey-made products, which approximates 50% of New Jersey's sales tax rate. To qualify, products must originate almost entirely from New Jersey (with negligible outside content), and the credit cannot reduce tax below the statutory minimum. Unused credits may be carried forward for up to seven years.