Bill
Bill > A3237
NJ A3237
NJ A3237Provides for reduced sales tax imposition on certain sales in certain Highlands Region Preservation Area municipalities.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would provide a 50% sales and use tax exemption in any municipality 99% or more of the area of which is located within the Highlands Region preservation area. Because of the State designation of the Highlands Region preservation area, the economic vitality of municipalities that are entirely or almost entirely slated for preservation is seriously undermined. This sales tax exemption should result in maintaining the local economic base, preserve retail establishments, and retain jobs in these municipalities.
AI Summary
This bill provides a 50% sales and use tax exemption for retail sales, excluding motor vehicles, alcoholic beverages, digital products, and cigarettes, made by businesses located in municipalities that are 99% or more within the Highlands Region preservation area. This exemption aims to maintain the local economic base, preserve retail establishments, and retain jobs in these municipalities, which have been seriously undermined by the State's designation of the Highlands Region preservation area.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Introduced, Referred to Assembly Environment, Natural Resources, and Solid Waste Committee (on 01/09/2024)
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/A3237 |
| BillText | https://pub.njleg.gov/Bills/2024/A3500/3237_I1.HTM |
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