Diegnan wants temporary sales tax exemption for restaurants to spur recovery

TRENTON – An Assembly lawmaker says he hopes to boost sales at New Jersey restaurants following Superstorm Sandy by allowing a 30-day sales tax exemption.

Assemblyman Patrick Diegnan, (D-18), announced Friday he plans to introduce legislation that would create a month-long sales tax exemption on meals purchased in the state. He said the proposal is intended to help speed the economic recovery of restaurants in the wake of Sandy.

“The state’s restaurant and dining industry took a massive hit during the storm with many operators unable to open since it made landfall,” Diegnan said in a statement. “Unlike other industries, loss of time equals loss of revenue that is unrecoverable, unless special circumstances are created to boost sales.”

The proposal calls for the 30-day exemption following the date of enactment.

“This temporary tax break recognizes the special adverse impacts of Superstorm Sandy, and could help make up for the losses and help stabilize the industry as it gets back on its feet, which ultimately helps our recovering economy locally and statewide,” Diegnan said.

 

Diegnan wants temporary sales tax exemption for restaurants to spur recovery