This bill introduces a temporary sales tax deduction for food and beverage establishments in New Jersey, allowing them to retain a portion of the sales taxes collected from up to $70,000 in taxable sales per eligible business location each month during a designated four-month relief period. The deduction is applicable to various types of establishments, including restaurants (excluding fast-food), mobile food services (like food trucks), and alcoholic beverage establishments (such as breweries and wineries). However, the deduction is limited to five business locations for sellers operating restaurants or alcoholic beverage establishments, and five motorized vehicles or nonmotorized carts for those operating mobile food services.

The bill stipulates that sellers must claim the deduction on their monthly or quarterly tax returns and retain the tax collections for which the deduction is claimed. The Director of the Division of Taxation is tasked with adopting necessary rules and regulations to implement the bill's provisions within 30 days of its effective date. The act will take effect immediately upon enactment and will expire on the 21st day of the eighth month following the date of enactment.