Bill
Bill > S721
NJ S721
Exempts sales of investment metal bullion and certain investment coins from sales and use tax.
summary
Introduced
01/09/2024
01/09/2024
In Committee
06/24/2024
06/24/2024
Crossed Over
06/28/2024
06/28/2024
Passed
06/28/2024
06/28/2024
Dead
Signed/Enacted/Adopted
09/12/2024
09/12/2024
Introduced Session
2024-2025 Regular Session
Bill Summary
An Act exempting the sale of certain investment metal bullion and coins from the sales and use tax and amending P.L.1980, c.105.
AI Summary
This bill exempts the sale of investment metal bullion and certain investment coins from the sales and use tax in New Jersey. The bill defines "investment metal bullion" as any elementary precious metal, such as gold, silver, platinum, or palladium, that has been smelted or refined and whose value depends on its contents rather than its form. It also defines "investment coin" as any numismatic coin made of gold, silver, platinum, palladium, or other metal with a fair market value of at least $1,000, excluding jewelry or works of art made of coins and commemorative medallions. The bill states that this exemption will take effect on the first day of the fourth month following the date of enactment.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (13)
Kevin Egan (D)*,
Lou Greenwald (D)*,
Paul Sarlo (D)*,
Douglas Steinhardt (R)*,
Lisa Swain (D)*,
Tony Bucco (R),
Chris DePhillips (R),
Aura Dunn (R),
Joe Pennacchio (R),
Alex Sauickie (R),
Brian Stack (D),
Chris Tully (D),
Andrew Zwicker (D),
Last Action
Approved P.L.2024, c.64. (on 09/12/2024)
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/2024/S721 |
| BillText | https://pub.njleg.gov/Bills/2024/PL24/65_.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/AL24/64_.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S1000/721_R2.HTM |
| Analysis - Statement AAP 6/24/24 1R | https://pub.njleg.gov/Bills/2024/S1000/721_S3.PDF |
| Analysis - Statement ACE 6/3/24 1R | https://pub.njleg.gov/Bills/2024/S1000/721_S2.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S1000/721_R1.HTM |
| Analysis - Statement SBA 3/11/24 | https://pub.njleg.gov/Bills/2024/S1000/721_S1.PDF |
| Fiscal Note - Fiscal Estimate 3/1/24; as introduced | https://pub.njleg.gov/Bills/2024/S1000/721_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S1000/721_I1.HTM |
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