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 eligible business locations. Specifically, sellers operating restaurants, mobile food services, or alcoholic beverage establishments can deduct taxes collected from up to $70,000 in taxable sales per location each month during a designated four-month relief period. The deduction is capped at the amount of taxes collected for the month in which it is claimed and is limited to five business locations for restaurants and alcoholic beverage establishments, and five motorized vehicles or nonmotorized carts for mobile food services.

The bill defines qualifying establishments, including breweries, wineries, distilleries, and restaurants (excluding fast-food outlets), and outlines the implementation process, which requires the Director of the Division of Taxation to adopt necessary regulations within 30 days of the bill's effective date. The relief period is set to begin on the first day of the second month following enactment and will end on the last day of the fifth month thereafter. This measure aims to support food and beverage businesses by alleviating some of their tax burdens during a challenging economic period.