Jersey Pride Tax Credit Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8655 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8655 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. _______________________________________________________________________ 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 t