Bill
Bill > S2019
NJ S2019
NJ S2019Provides sales tax exemption for maintaining, servicing, or repairing of aircraft and sales of machinery or equipment and replacement parts installed on aircraft within aviation district.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill provides a sales tax exemption for maintaining, servicing, or repairing of aircraft and sales of machinery or equipment and replacement parts installed on aircraft within the aviation district. For purposes of the bill, an aviation district means all areas within the boundaries of the Atlantic City International Airport, and the Federal Aviation Administration William J. Hughes Technical Center, and the area within a one-mile radius of the outermost boundary of the Atlantic City International Airport and the Federal Aviation Administration William J. Hughes Technical Center. The aviation district is included as an economic incentive zone under several State economic development incentive acts. This sales tax exemption will further encourage the expansion of aircraft service and repair facilities among the several other aviation and technology related facilities that are developing in this zone. The addition of this sales tax exemption will provide an additional economic incentive within this zone and will aid in further diversifying the economy of the surrounding area of the zone that has been heavily dependent on a casino and tourism-based economy.
AI Summary
This bill expands sales tax exemptions to encourage aviation-related businesses within a specific "Aviation District," which encompasses the Atlantic City International Airport, the Federal Aviation Administration William J. Hughes Technical Center, and a one-mile radius around them. Specifically, it exempts from sales tax charges for maintaining, servicing, or repairing aircraft within this district, as well as the sale of machinery, equipment, and replacement parts installed on those aircraft. This measure aims to further incentivize the growth of aircraft service and repair facilities in the area, complementing existing economic development initiatives and helping to diversify the local economy beyond its traditional reliance on casinos and tourism.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 01/13/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S2019 |
| BillText | https://pub.njleg.gov/Bills/2026/S2500/2019_I1.HTM |
Loading...