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What is the Roselle Urban Enterprise Zone Program? Utilizing a two-sided approach, the UEZ fosters financial growth for the entire community. Businesses can benefit from the various incentives funneled through the program, while citizens receive increased job opportunities, in addition to substantial savings when making retail purchases. How can I apply to the Roselle Urban Enterprise Zone? Urban Enterprise Zone Certification Applications are available at the Roselle Borough Hall at 210 Chestnut Street. If I decide to join, what are the program benefits for my business?
What is the reduced rate for collection of sales tax by vendors having a UZ-2 Certificate? Fifty percent of the regular sales tax rate. Is there an exemption for advertising material? Yes, as long as the advertising material is used exclusively at the place of business in the zone. This includes handbills, flyers, sales catalogs, etc., for distribution at the zone place of business, but does not include items used for mailing to customers in New Jersey. Direct mail advertising and processing services are not exempt from any sales or use tax due. Are businesses ever denied re-certification? The answer is yes, if a qualified business is unable to maintain the number of employees it had when it met the employment tests required for qualification, the business no longer meets the Criteria for being a qualified business and the business loses its UEZ or UEZ impacted business district benefits. The Local Coordinators can answer all questions about re-qualifications. If a contractor rents or leases a crane or other equipment for use on a qualified business construction job, is the rental or lease exempt from tax? A rental or lease to qualified business for improving its premises is exempt, but rental or lease to a contractor is taxable. A restaurant is a qualified business. Is the reduced sales tax rate available for restaurant meals? The reduced sales tax rate only applies to the sale of tangible personal property. The sale of restaurant meals or prepared foods or beverages is not considered the sale of tangible personal property under the Sales and Use Tax Act. |
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Business Tip #101 Create a vision. It's tempting to roll up your sleeves and plunge right into the details of your business: evaluating products, studying market segments, and sizing up your competition. |