Bill
Bill > A3889
NJ A3889
NJ A3889Repeals $100,000 cap on sales and use tax exemption for certain capital improvements made by businesses participating in Urban Enterprise Zone program.
summary
Introduced
05/09/2022
05/09/2022
In Committee
05/09/2022
05/09/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Repeals $100,000 cap on sales and use tax exemption for certain capital improvements made by businesses participating in Urban Enterprise Zone program.
AI Summary
This bill repeals the $100,000 cap on the sales and use tax exemption for certain capital improvements made by businesses participating in the Urban Enterprise Zone (UEZ) program. It provides an exemption from the state's "Sales and Use Tax Act" for receipts from retail sales of materials, supplies, and services used for erecting new structures or buildings, or substantially improving, altering, or repairing the real property of a qualified business in the UEZ program. The bill applies retroactively to sales and uses on and after January 1, 2022.
Committee Categories
Business and Industry
Sponsors (13)
Antwan McClellan (R)*,
Verlina Reynolds-Jackson (D)*,
Erik Simonsen (R)*,
Kimberly Eulner (R),
Don Guardian (R),
Raj Mukherji (D),
Bethanne Patrick (R),
Marilyn Piperno (R),
Beth Sawyer (R),
Shavonda Sumter (D),
Edward Thomson (R),
Britnee Timberlake (D),
Brandon Umba (R),
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 05/09/2022)
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/A3889 |
| BillText | https://pub.njleg.gov/Bills/2022/A4000/3889_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A4000/3889_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A4000/3889_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A4000/3889_I1.PDF |
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