Bill > A2812

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 pure precious metals like gold, silver, platinum, and palladium that have been refined, while investment coins are numismatic coins made of gold, silver, platinum, palladium, or other metals with a fair market value of at least $1,000. The bill specifies that this exemption does not apply to precious metals that have been fabricated, assembled, or processed for industrial, professional, or artistic uses, nor to jewelry or works of art made from coins. The tax exemption will take effect on the first day of the fourth month following the date of enactment.

Budget and Finance, Business and Industry

https://www.njleg.state.nj.us/bill-search/2024/A2812