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  • NJ A726
  • Establishes annual sales tax holiday for certain sales of personal computers and certain sales of school supplies and equipment during first full weekend of August.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill establishes an annual "back-to-school" sales tax holiday in the State of New Jersey during the first full weekend in August. During the three day period from the first Friday through the following Sunday, the retail purchases of certain personal computers with a sales price of less than $1,000, and certain school supplies and equipment made by individual shoppers for non-business purposes will be free of the 7% State sales tax. While the tax holiday is intended to provide financial relief to the students of New Jersey and their families, the general public may also make tax-free purchases for other nonbusiness uses during this time period. Annual and temporary sales tax holidays have been established in fourteen states and the District of Columbia, and have gained popularity and support in several others. While some states have opted to celebrate tax holidays at the beginning of the calendar year or during seasonal holiday periods, a majority of states have established tax moratoria during some portion of the month of August, as families prepare to send their children back to school. These tax holidays typically include exemptions for purchases of educational supplies, consumer products, and clothing items that allow students to face the challenges of the coming year. This bill specifically exempts the purchases of personal computers that are sold for less than $1,000 as well as school-related supplies and equipment during the annual exclusion period. In particular, it would exempt the purchases of computers for personal use and school-related supplies and equipment that are either (1) required or recommended by teachers, schools, or school districts in order to prepare for the new school year; or (2) generally accepted as being required for students to satisfy the core curriculum content standards or course credit work in the undertaking of a school year. Unlike other tax relief initiatives, the establishment of a back-to-school sales tax holiday in New Jersey could be developed and implemented with minimal administrative effort. It would provide an administratively simple and effective way to cut taxes for consumers that would require no special taxpayer forms or rebate applications. In addition, it would be economically beneficial to the State's merchants and small business owners by encouraging consumer spending during a period of time when demand is typically soft.
Budget
Introduced, Referred to Assembly Budget Committee  (on 1/27/2016)
 
 
Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Budget Committee
Date Motion Yea Nay Other
None specified