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Jersey Pride Tax Credit Act of 2026
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.
Summary
This bill creates a federal tax credit equal to 25 percent of sales revenue for taxpayers who sell products that promote New Jersey. The credit applies to products sold after December 31, 2025, and is available for sales to unrelated parties. The bill defines eligible products broadly as any product that promotes the state of New Jersey. Additionally, the bill requires port authorities to give preference to businesses that sell these New Jersey-promoting products when renting commercial retail space.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
- Rep. Pou, Nellie [D-NJ-9] (D-NJ)
Money behind the sponsor
Top reported contributors to Josh Gottheimer’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- BLACKSTONE $116,700
- APOLLO GLOBAL MANAGEMENT $71,500
- KKR & CO INC. $50,600
- CENTERVIEW PARTNERS $25,000
- FORTRESS INVESTMENT GROUP $23,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Josh Gottheimer → · Outside spending →
Actions (2)
- May 4, 2026 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. · house
- May 4, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
May 4, 2026
Mr. Gottheimer (for himself and Ms. Pou) introduced the following bill; which was 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
A BILL
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Jersey Pride Tax Credit Act of 2026”.
SEC. 2. JERSEY PRIDE TAX CREDIT.
(a) New Jersey Promotion Tax Credit.—Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:
“SEC. 45BB. JERSEY PRIDE TAX CREDIT.
“(a) In General.—For the purposes of section 38, the Jersey pride tax credit is an amount equal to 25 percent of the aggregate amount for which the taxpayer sold eligible products in the course of the trade or business of the taxpayer to unrelated parties during the taxable year.
“(b) Eligible Product.—In this section, the term ‘eligible product’ means any product that promotes the State of New Jersey.”.
(b) Credit Made Part of General Business Credit.—Section 38 of subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986, is amended—
(1) by striking “plus” at the end of paragraph (40),
(2) by striking the period at the end of paragraph (41) and inserting “, plus”, and
(3) by adding at the end the following new paragraph:
“(42) the Jersey pride tax credit determined under section 45BB.”.
(c) Clerical Amendment.—The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by adding at the end the following new item:
“Sec. 45BB. Jersey pride tax credit.”.
(d) Effective Date.—The amendment made by this section shall apply to products sold after December 31, 2025.
SEC. 3. PORT AUTHORITY PREFERENCE.
In renting a commercial space to a business, a port authority (as defined in section 340.2 of title 46, Code of Federal Regulations) shall give preference to any business that sells an eligible product (as defined in section 45BB of the Internal Revenue Code of 1986). <all>
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