NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The IRS said Friday that personal protective equipment, such as masks, hand sanitizer, and sanitary wipes used to prevent COVID-19, are deductible medical expenses on tax returns. According to the IRS announcement, PPE expenses related to COVID-19 for the taxpayer, their spouse, or their dependents that are not otherwise compensated by insurance, are deductible if […]
NJBIA supported legislation advanced by an Assembly committee today to provide temporary tax credits for New Jersey manufacturers who produce hospital gowns, masks, gloves and other personal protective equipment (PPE) to prevent the spread of COVID-19 and other illnesses. The legislation, S–3015/A-4840, is designed to ensure New Jersey has a sufficient supply of PPE to protect medical workers and others, while also supporting the creation of manufacturing jobs. The Assembly Appropriations Committee […]
The Senate has advanced a bill, supported by NJBIA, that would offer tax incentives to New Jersey manufacturers who produce personal protective equipment, including coveralls, face shields, gloves, gowns, masks, respirators and other equipment designed to prevent the spread of COVID-19. The bill, S-3015 sponsored by Senate President Stephen Sweeney (D-3) and Senator Linda Greenstein (D-14), would create a three-year incentive program […]
New Jersey small businesses can now purchase personal protective equipment (PPE) through the Small and Micro Business PPE Access Program, a public-private partnership that provides automatic 10% discounts on PPE purchased through vendors approved by the New Jersey Economic Development Authority (NJEDA). “Ensuring equitable and reliable access to affordable personal protective equipment is vital to […]
Everything you need in one email.
© 2019 NJBIA. All rights reserved.
New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
