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Bill > S4161
NJ S4161
NJ S4161Exempts receipts from sales of materials, supplies, and services for certain affordable housing projects from sales and use tax.
summary
Introduced
11/30/2023
11/30/2023
In Committee
11/30/2023
11/30/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Exempts receipts from sales of materials, supplies, and services for certain affordable housing projects from sales and use tax.
AI Summary
This bill exempts receipts from sales of materials, supplies, and services for certain affordable housing projects from sales and use tax. Specifically, it adds an exemption for housing sponsors engaged in affordable housing projects where all the units are intended for occupants with moderate, low, or very low incomes, as defined in existing law. The bill applies to sales made on or after the date of enactment.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 11/30/2023)
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/S4161 |
| BillText | https://pub.njleg.gov/Bills/2022/S4500/4161_I1.HTM |
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