HR8655Referred to Committee

To amend the Internal Revenue Code to create a tax credit for taxpayers selling products that promote New Jersey and to direct port authorities to give retail space preference to businesses that sell such products.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-05-04
Introduced
1
Cosponsors
HR
Type

Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

2026-05-04

Bill Summary

The proposal would give tax breaks to businesses that sell products promoting New Jersey, such as souvenirs or goods featuring the state's name or symbols. It would also require port authorities to prioritize renting retail space to these New Jersey-focused businesses over other retailers. The changes aim to boost local businesses and tourism by making it financially attractive to sell state-branded merchandise.

Read the full bill text