Urban Enterprize Zone
The Urban Enterprise Zone (UEZ) Program was created to foster an economic climate to revitalize designated urban communities and stimulate their growth by encouraging businesses to develop and create private sector jobs through public and private investment. Certified commercial businesses within the UEZ district can benefit from UEZ incentives. With every dollar spent at eligible UEZ businesses, 3.3125% of the sales tax collected is invested back into the local community through special projects.
UEZ RESOURCES
UEZ Map – Find an Address in the UEZ Zone
Summary of Sales Tax Benefits for UEZ Member Businesses
Frequently Asked Questions
What is an Urban Enterprise Zone?
An Urban Enterprise Zone (UEZ) is a designated area where businesses can qualify for tax incentives and other benefits to encourage economic growth and development.
What benefits do businesses receive in the UEZ?
Certain certified UEZ businesses can charge their customers 3.3125% sales tax, providing a competitive edge to registered businesses, and benefit from tax-free purchases on capital equipment, facilities expansions, upgrades and certain personal property. Member businesses can also take advantage of the various business assistance programs offered by the City’s UEZ office.
How do I apply for UEZ certification? Before registering, please review the following questions to ensure your business qualifies.
Q: Is your business physically located within the UEZ boundaries?
Businesses are only eligible for the UEZ program if you fall within the boundary map. PO Boxes and addresses to any Shipping/Mail Centers (like UPS Store or Fedex) are not physical locations of your business. You can check if your business falls within the boundary MAP HERE or if you have trouble with the search map – please give us a call and we’d be happy to check for you.
Q: Do you have a federal tax ID number? (Commonly referred to as an EIN or FEIN number)
Q: Does your business have an NJ Business Registration Certificate (NJBRC)?
This is different from forming a business in New Jersey. To register for an NJBRC, please visit the Division of Revenue and Enterprise Services here. If you need help registering, please give us a call and we would be happy to set up an appointment to assist you. Please make sure that when you register for an NJBRC, you use the physical address of the business.
Q: Is your business in tax compliance with the State of New Jersey?
Have you been consistently filing your quarterly business taxes and corporate annual reports? Do you (or your accountant/bookkeeper) have a MyNJ username and password for the business? If not, do not worry; during the UEZ application process we can assist you in creating one.
You qualify? Great! Here are your next steps.
1. Create or login to a NJ Premier Business Services (PBS) account & add your business. PBS Instructions Link.
2. Click on the “Urban Enterprise Zone” when selecting a Service Center in PBS.
3. Complete and submit the UEZ Certification Application
4. For more info: New Jersey Urban Enterprise Zone Program | (877) 913-6837 | UEZinfo@dca.nj.gov
How long does UEZ certification last?
Your original UEZ certification is valid for three years. Businesses must recertify to maintain their benefits and participation in the program. The recertification form is mailed to you about a month before your certification period is up. Annual reports are due every year on the date of the original certification.
Phillipsburg UEZ FACEBOOK PAGE: https://www.facebook.com/PhillipsburgNewJersey/
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NRTC provides business entities a tax credit for funds provided to nonprofit entities carrying out comprehensive revitalization plans. Nonprofit entities must use at least 60% of the tax credit funds for housing and economic development; the remaining funds may be used for supportive services and other activities that promote neighborhood revitalization.
NPP provides direct financial and technical assistance to municipalities based on strategic revitalization plans within those municipalities. Norwescap works with the town of Phillipsburg to enhance public spaces and promote Community Development
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The UEZ Program exists to foster an economic climate that revitalizes designated urban communities and stimulates their growth by encouraging businesses to develop and create private-sector jobs through public and private investment.
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NRTC provides business entities an 80 percent tax credit for funds provided to nonprofit entities carrying out comprehensive revitalization plans. Nonprofit entities must use at least 60% of the tax credit funds for housing and economic development; the remaining funds may be used for supportive services and other activities that promote neighborhood revitalization.
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An Opportunity Zone (OZ) is an economically-distressed community where private investments, under certain conditions, may be eligible for capital gain tax incentives. Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act.