HomeMy Public PortalAboutr 05:169
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05-169
Date of Adoption M'!)' 19, 2005
RESOLUTION OPPOSING THE ELIMINATION OF THE
URBAN ENTERPRISE ZONE SALES TAX EXEMPTION ON
ELIGIBLE PURCHASES BY CERTIFIED BUSINESSES
WHEREAS, under the UEZ program, certified businesses are eligible to make sales tax
exempt purchases for on-site business purchase for capital improvements, equipment and
materials; and
WHEREAS, this benefit is the single most utilized UEZ tax benefit; and
WHEREAS, the Governor in his proposed 2006 budget has recommended the
elimination of this benefit and replacing it instead with a 50% sales tax rebate; and
WHEREAS, this change will be a major disincentive for businesses certifying and re-
certifying in the program; and
WHEREAS, the reduction in UEZ certified businesses will result in a reduction of new
job creation and ultimately an increase in unemployment in the state; and
WHEREAS, any abuses in this program can be better addressed by simply better
monitoring the existing benefit.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough
of Carteret that:
I. This Mayor and Council call upon the State Legislature to remove the
proposed change in the UEZ program from the 2006 state budget.
2. Copies of this resolution should be sent to the Governor and the Legislative
Delegation of Middlesex County.
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3. This resolution shall take effect immediately.
Adopted this 19th day of May, 2005
and certified as a true copy of the
original on May 20, 2005.
KATHLEEN M. BARNEY, RMC/CMC
Municipal Clerk
RECORD OF COUNCIL VOTE
r-- COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO I NV A.B.
BELLINO X NAPLRS y :
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DIAZ X RIQS y
KRUM X SITAÐ7 v
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X - Indicate Vote AB - Absent NY· Nor-Voting XOR - Indicates Vote to Overrule YetI) en
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Adopted at a meeting of the Municipa! Council ~y 19. 2005
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NEW ,JERSEY GENERAL ASSEMBLY
DEPUTY SPEAKER
JOHN S. WISNIEWSKI
ASSEMBLYMAi'\l, 19TH DISTRICT
PART OF' MIDDLESEX
3145 BORDENl'OWN AVENUE
SUITE B
PARLIN. NJ 08859-1164
(732) 3]6-1885
~~(732)316-1890
Email: AsrnWisniewski<fimjleg.org
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May 25, 2005
Hon. Kathleen M. Barney, Municipal Clcrk
Borough of Carteret
61 Cooke Avenue
Carteret, NJ 07008
Re: Resolution #05-169
Dear Clerk Barney:
Thank your for sending me a copy of the above resolution adopted by the Borough of
Carteret opposing the elimination of the Urban Entcrprise Zone Sales Tax.
The information you have provided me has been very insightful. You can be assured that
I will keep this information in mind while I review and consider legislation in the General Assembly.
Again, thank you for sharing the Borough ofCarteret's views with me. If you would like
to discuss this further, or if I can be of assistance to you in any matter please do not hesitate to
contact me.
JSW:am
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