Bill
Bill > S888
NJ S888
NJ S888Provides for reduced sales tax imposition on certain sales in certain Highlands Region Preservation Area municipalities.
summary
Introduced
01/16/2018
01/16/2018
In Committee
01/16/2018
01/16/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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 on certain retail sales made by businesses located within municipalities that are 99% or more within the Highlands Region preservation area. The Highlands Region is a designated area in New Jersey that is subject to special preservation efforts, and this tax exemption is intended to help maintain the economic vitality of the municipalities entirely or almost entirely located within this preservation area.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 01/16/2018)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/S1000/888_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/S1000/888_I1.PDF |
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