This bill proposes a tax credit for grocery stores and small food retailers that maintain dedicated display spaces for Jersey Fresh products and New Jersey certified organic products. Specifically, it allows a credit of $2,000 for each display in a grocery store that is at least 25 square feet and maintained for a minimum of 120 days, and a credit of $1,000 for each display in a small food retailer that is at least 12 square feet and also maintained for 120 days. The bill defines "grocery store" and "small food retailer," and outlines the criteria for what constitutes Jersey Fresh and New Jersey certified organic products.

Additionally, the bill stipulates that the Director of the Division of Taxation is authorized to adopt necessary rules and regulations to implement the act, which will take effect immediately and apply to privilege periods and taxable years beginning after the date of enactment. The legislation aims to promote the sale of locally sourced foods, which are believed to offer better flavor and nutritional value compared to imported products, thereby supporting local agriculture and enhancing consumer access to fresh produce.