Allows 50 percent sales and use tax exemption for telephone, mail-order, and internet transactions by qualified businesses within Urban Enterprise Zone; allows quarterly tax returns for qualified businesses; increases allowable administrative expenses by qualified municipalities.

This bill (A4424) provides a 50% sales and use tax exemption for telephone, mail-order, and internet transactions conducted by eligible businesses operating within New Jersey's Urban Enterprise Zones (UEZs). It also allows these qualified businesses to file tax returns quarterly instead of monthly and increases the amount municipalities can spend on administrative costs related to UEZ programs. The bill directly affects businesses meeting specific criteria (such as employing residents from designated areas) within UEZs and the municipalities managing those zones. These changes aim to support economic activity in distressed urban areas by reducing tax burdens for remote sales and streamlining compliance for qualifying businesses.