Bill

Bill > A4706


NJ A4706

NJ A4706
Exempts sales of pet food purchased for pets from the sales and use tax.


summary

Introduced
10/03/2022
In Committee
10/03/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill would exempt from taxation under the "Sales and Use Tax Act," P.L.1966, c.30 (C.54:32B-1 et seq.), receipts from the sale of pet food. Pets are valuable companions to persons of all ages and add significantly to the lives of their owners and family members. The annual cost of keeping a pet can be substantial in some instances. The provisions of this bill will help reduce that cost, and thereby encourage more people to keep pets and enjoy the companionship and benefits they provide.

AI Summary

This bill would exempt the sale of pet food from the state's sales and use tax. The purpose of the bill is to help reduce the annual cost of caring for pets, which can be substantial, in order to encourage more people to own pets and enjoy the companionship and benefits they provide. The term "pet food" is defined broadly to include any commercially-prepared substance intended for use or consumption by domesticated household animals. The bill would take effect on the first day of the second calendar quarter following its enactment.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Introduced, Referred to Assembly Agriculture and Food Security Committee (on 10/03/2022)

bill text


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