Bill Text: NJ A417 | 2010-2011 | Regular Session | Introduced
Bill Title: Provides sales tax exemption for certain off-road diesel equipment and certain retrofit devices.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2010-03-24 - Reviewed by the Sales Tax Review Commission Recommend to not enact [A417 Detail]
Download: New_Jersey-2010-A417-Introduced.html
STATE OF NEW JERSEY
214th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2010 SESSION
Sponsored by:
Assemblyman SCOTT T. RUMANA
District 40 (Bergen, Essex and Passaic)
SYNOPSIS
Provides sales tax exemption for certain off-road diesel equipment and certain retrofit devices.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel
An Act providing a sales and use tax exemption for the sale of certain off-road diesel equipment and certain retrofit devices and supplementing Title 54 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. Receipts from the sale of off-road diesel equipment, as defined pursuant to section 2 of P.L.2005, c.219 (C.26:2C-8.27), sold on or after the first day of the third month following the effective date of this act are exempt from the tax imposed pursuant to the "Sales and Use Tax Act," P.L.1966, c.30 (C.54:32B-1 et seq.).
b. Receipts from the sale of any retrofit device, as defined pursuant to section 2 of P.L.2005, c.219 (C.26:2C-8.27), to be installed on a piece of off-road diesel equipment, sold on or after the first day of the third month following the effective date of this act are exempt from the tax imposed pursuant to the "Sales and Use Tax Act," P.L.1966, c.30 (C.54:32B-1 et seq.).
c. The Commissioner of Environmental Protection shall certify to the State Treasurer the types of off-road diesel equipment and retrofit devices that are eligible for the exemption provided pursuant to subsections a. and b. of this section.
2. The State Treasurer, in consultation with the Department of Environmental Protection, in accordance with the provisions of the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.) shall promulgate rules and regulations necessary to effectuate the purposes of this act.
3. This act shall take effect immediately.
STATEMENT
This bill would provide an exemption from the State sales and use tax for off-road diesel equipment and retrofit devices to be installed on a piece of off-road diesel equipment sold on or after the first day of the third month following enactment of this bill into law.
