Bill
Bill > S1825
NJ S1825
NJ S1825Exempts sales of investment metal bullion and certain investment coins from sales and use tax.
summary
Introduced
02/28/2022
02/28/2022
In Committee
12/21/2023
12/21/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Exempts sales of investment metal bullion and certain investment coins from sales and use tax.
AI Summary
This bill exempts sales of investment metal bullion and certain investment coins from sales and use tax in New Jersey. "Investment metal bullion" refers to refined precious metals like gold, silver, platinum, and palladium, while "investment coin" means any numismatic coin made of gold, silver, platinum, palladium, or other metal with a fair market value of at least $1,000. The bill specifies that this exemption does not apply to precious metals that have been assembled, fabricated, or processed for industrial, professional, or artistic uses, nor to jewelry or works of art made from coins. The exemption takes effect on the first day of the fourth month after the bill is enacted.
Committee Categories
Budget and Finance
Sponsors (8)
Michael Doherty (R)*,
Paul Sarlo (D)*,
Douglas Steinhardt (R)*,
Tony Bucco (R),
Joe Pennacchio (R),
Brian Stack (D),
Jean Stanfield (R),
Andrew Zwicker (D),
Last Action
Substituted by A5294 (1R) (on 01/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S1825 |
| Fiscal Note - Fiscal Estimate 1/4/24; 1R | https://pub.njleg.gov/Bills/2022/S2000/1825_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S2000/1825_R1.HTM |
| Analysis - Statement SBA 12/21/23 | https://pub.njleg.gov/Bills/2022/S2000/1825_S1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S2000/1825_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S2000/1825_I1.PDF |
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