Bill
Bill > A5294
NJ A5294
NJ A5294Exempts sales of investment metal bullion and investment coins from sales and use tax.
summary
Introduced
03/16/2023
03/16/2023
In Committee
12/21/2023
12/21/2023
Crossed Over
01/08/2024
01/08/2024
Passed
01/08/2024
01/08/2024
Dead
Vetoed
01/16/2024
01/16/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Exempts sales of investment metal bullion and investment coins from sales and use tax.
AI Summary
This bill exempts sales of investment metal bullion and investment coins from the sales and use tax in New Jersey. Investment metal bullion refers to precious metals like gold, silver, platinum, and palladium that have been refined, and investment coins are numismatic coins made of precious or non-precious metals with a fair market value of at least $1,000. The bill specifies that these exemptions do not apply to precious metals or coins that have been assembled, fabricated, or processed for industrial, professional, or artistic uses. The bill takes effect immediately and applies to retail sales made on or after the first day of the fourth month following the date of enactment.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (14)
Michael Doherty (R)*,
Lou Greenwald (D)*,
Kevin Rooney (R)*,
Paul Sarlo (D)*,
Lisa Swain (D)*,
Tony Bucco (R),
Thomas Giblin (D),
Joe Pennacchio (R),
Alex Sauickie (R),
Parker Space (R),
Brian Stack (D),
Jean Stanfield (R),
Harold Wirths (R),
Andrew Zwicker (D),
Last Action
Pocket Veto - Bills not Acted on by Governor-end of Session (on 01/16/2024)
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/A5294 |
| Fiscal Note - Fiscal Estimate 1/11/24; 1R | https://pub.njleg.gov/Bills/2022/A5500/5294_E2.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5500/5294_R1.HTM |
| Analysis - Statement SBA 12/21/23 | https://pub.njleg.gov/Bills/2022/A5500/5294_S2.PDF |
| Fiscal Note - Fiscal Estimate 12/18/23; as introduced | https://pub.njleg.gov/Bills/2022/A5500/5294_E1.PDF |
| Analysis - Statement AAP 6/22/23 | https://pub.njleg.gov/Bills/2022/A5500/5294_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5500/5294_I1.HTM |
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