Bill

Bill > A4788


NJ A4788

NJ A4788
Exempts purchases of natural gas and electricity for residential customers from sales and use tax.


summary

Introduced
09/19/2024
In Committee
09/19/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill exempts from the State sales and use tax the retail sales of natural gas and electrical services for residential customers. Public utilities that provide natural gas and electric services would be required, at the conclusion of each monthly billing cycle, to deduct from each customer's bill the amount that represents the sales and use tax. By exempting the purchase of natural gas and electrical services from the sales and use tax, residents will be able to find some measure of relief in the face of rising costs.

AI Summary

This bill exempts the retail sales of natural gas and electrical services for residential customers from the state sales and use tax. Public utilities that provide natural gas and electric services would be required to deduct the amount of the sales and use tax from each customer's monthly bill. This is intended to provide residents with some relief from rising energy costs.

Committee Categories

Transportation and Infrastructure

Sponsors (6)

Last Action

Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 09/19/2024)

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