The "Road to Tax Relief Act" is designed to provide financial assistance to retail businesses adversely affected by public highway projects, such as the ongoing repairs on Interstate 80 in Morris County. The bill allows these businesses to claim a refundable credit against their sales tax remittance, calculated based on the taxes collected during the project period, minus the portion allocated to the Property Tax Relief Fund. To qualify, businesses must apply to the Director of the Division of Taxation, providing evidence of their location within the construction zone and documentation of revenue loss. The legislation also permits the transfer of tax credits, allowing businesses to sell or assign their credits to enhance financial flexibility.

In addition to supporting businesses, the bill introduces gross income tax credits for employees of affected retail establishments, based on lost wages due to modified work schedules. Employees must apply for a certification of lost wages, which will be determined by comparing their baseline wages to their actual earnings during the relief period. The bill defines key terms such as "impacted construction zone" and "small business," and it empowers the Director of the Division of Taxation to establish necessary regulations for implementation. The act is set to take effect on the first day of the month following its enactment, with specific provisions applicable to taxable years beginning after January 1 of the following year.