Bill Text: NJ A4776 | 2024-2025 | Regular Session | Introduced
Bill Title: Exempts sales of tangible personal property made from 100 percent post-recycled waste and recycled materials from sales and use tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-09-19 - Introduced, Referred to Assembly Environment, Natural Resources, and Solid Waste Committee [A4776 Detail]
Download: New_Jersey-2024-A4776-Introduced.html
Sponsored by:
Assemblyman ALEX SAUICKIE
District 12 (Burlington, Middlesex, Monmouth and Ocean)
SYNOPSIS
Exempts sales of tangible personal property made from 100 percent post-recycled waste and recycled materials from sales and use tax.
CURRENT VERSION OF TEXT
As introduced.
An Act exempting sales of tangible personal property made from 100 percent post-recycled waste and recycled materials from the sales and use tax, 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. Receipts from the retail sale of any tangible personal property made from 100 percent post-recycled waste or recycled materials, including, but not limited to, recycled bricks, asphalt, and crushed concrete, are exempt from the 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:
"Post-recycled waste" means materials that have been salvaged or separated from general waste, and which have been processed for use as a raw material in the manufacturing of new products.
"Recycled materials" means any item or commodity which is manufactured or produced in whole or in part from post-consumer waste material.
2. This act shall take effect immediately and apply to sales made on or after the first day of the second month next following the date of enactment.
STATEMENT
This bill provides an exemption from the sales and use tax for the retail sale of tangible personal property made from 100 percent post-recycled waste or recycled materials, including, but not limited to, recycled bricks, asphalt, and crushed concrete.
Under the bill, the term "post-recycled waste" is defined as any materials that have been salvaged or separated from general waste, and which have been processed for use as a raw material in the manufacturing of new products. The bill also defines "recycled materials" as any item or commodity which is manufactured or produced in whole or in part from post-consumer waste material.
