Bill Text: NJ A3343 | 2020-2021 | Regular Session | Introduced
Bill Title: Establishes sales tax holiday every third weekend of July for certain retail sales of water-efficient products.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-02-25 - Introduced, Referred to Assembly Environment and Solid Waste Committee [A3343 Detail]
Download: New_Jersey-2020-A3343-Introduced.html
Sponsored by:
Assemblywoman NANCY J. PINKIN
District 18 (Middlesex)
SYNOPSIS
Establishes sales tax holiday every third weekend of July for certain retail sales of water-efficient products.
CURRENT VERSION OF TEXT
As introduced.
An Act establishing an annual sales tax holiday for certain retail sales of water-efficient products, and supplementing P.L.1966, c.30 (C.54:32B-1 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. Notwithstanding any other law to the contrary, receipts from every retail sale in this State of a water-efficient product, taxable pursuant to subsection (a) of section 3 of P.L.1966, c.30 (C.54:32B-3), to an individual holiday purchaser made during the annual exclusion period are exempt from the sales tax imposed under the "Sales and Use Tax Act," P.L.1966, c.30 (C.54:32B-1 et seq.).
b. As used in this section,
"Annual exclusion period" means the period of time between 12:01 a.m. on the third Friday in July of each year and 11:59 p.m. the immediately following Sunday.
"Individual holiday purchaser" means an individual who pays the purchase price and takes delivery in this State during the annual exclusion period or who places an order and pays the purchase price during the annual exclusion period, even if delivery in this State takes place after the annual exclusion period.
"Water-efficient product" means a product, with a sales price of less than or equal to $5,000, that meets the water efficiency and performance criteria set by the United States Environmental Protection Agency for purposes of the WaterSense program and is authorized to bear the WaterSense label.
2. The Director of the Division of Taxation in the Department of the Treasury shall adopt regulations pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), necessary to implement the provisions of section 1 of P.L. , c. (C. ) (pending before the Legislature as this bill) and to maintain compliance with the Streamlined Sales and Use Tax Agreement.
3. This act shall take effect immediately.
STATEMENT
This bill establishes an annual sales tax holiday for water-efficient items. The tax holiday will begin at 12:01 a.m. on the third Friday in July of each year and end at 11:59 p.m. the immediately following Sunday.
The bill exempts from the sales tax during the holiday period products that are recognized as water-efficient by the WaterSense program. These products may include sink faucets; faucet accessories; high-efficiency toilets, urinals, and showerheads; spray sprinkler bodies; commercial pre-rinse spray valves; and weather or sensor-based irrigation controllers.
The federal Environmental Protection Agency introduced the WaterSense program in 2006 to help consumers make smart water choices that save money and maintain high environmental standards without compromising performance. WaterSense-labeled products and services are certified to use at least 20 percent less water, save energy, and perform as well as or better than regular models.
