Bill > S462

Introduced Session

This bill provides that receipts of retail sales made by a vendor certified pursuant to section 21 of P.L.1983, c.303 (C.52:27H-80), from a place of business owned or leased and regularly operated by a vendor for the purpose of making retail sales, and located in a designated enterprise zone or in a designated UEZ-impacted business district, on products certified as compliant with the requirements of the "Energy Star" program established by the federal Department of Energy and United States Environmental Protection Agency pursuant to 42 U.S.C.s.6294a are subject to a tax of two percent of the sales price. Additionally, the bill provides that the purchase of a service from a vendor located in a designated enterprise zone or in a designated UEZ-impacted business district and certified by the Board of Public Utilities as providing a service or services which promote or employ alternative energy sources, energy efficiency, or environmental sustainability, including but not limited to, the design and installation of alternative and renewable energy systems, energy auditing and assessments, and purchases and installation of equipment certified as compliant with the requirements of the "Energy Star" program established by the federal Department of Energy and United States Environmental Protection Agency pursuant to 42 U.S.C.s.6294a for any residential dwelling, building, or other structure are subject to a tax of two percent of the sales price. The term "alternative and renewable energy systems" refers to systems of energy derived from a wind, solar, biomass, including biodiesel, or geothermal sources; or hydrogen derived from biomass or water using an energy source described herein, that is utilized by a residential dwelling, building, or other structure subject to the tax exemption provided in this bill. "Environmental sustainability" means conduct involving the management or plan element of a residential dwelling, building, or other structure subject to the tax exemption provided by the provisions of this bill, which shall provide for, encourage, and promote the efficient use of natural resources and the installation and usage of renewable and alternative energy systems and consider the impact such structures have on the local, regional, and global environment. The bill would direct the Director of the Division of Taxation in the Department of the Treasury, in consultation with the Board of Public Utilities, to adopt any rules and regulations necessary for the proper certification of any tax rate exemption applied pursuant to the provisions of this bill. Finally, the bill directs the Board of Public Utilities, in consultation with the Department of Environmental Protection, to adopt standards with respect to the services certified by the board as meeting the requirements for the tax rate exemption provided in the bill.

AI Summary

Committee Categories

Raymond Lesniak (D)*,  Bob Smith (D), 

Reviewed by the Sales Tax Review Commission Recommend to not enact (on 03/24/2010)