Bill Text: NJ S1988 | 2010-2011 | Regular Session | Amended

New Jersey Senate Bill 1988 (Prior Session Legislation)

NJ State Legislature page for S1988

Bill Title: Phases out cosmetic medical procedure gross receipts tax.*

Spectrum: Moderate Partisan Bill (Democrat 8-2)

Status: (Engrossed - Dead) 2011-12-01 - Reported out of Assembly Committee, 2nd Reading [S1988 Detail]

Download: New_Jersey-2010-S1988-Amended.html

[First Reprint]

SENATE, No. 1988

STATE OF NEW JERSEY

214th LEGISLATURE

INTRODUCED MAY 27, 2010

Sponsored by:

Senator PAUL A. SARLO

District 36 (Bergen, Essex and Passaic)

Senator JOSEPH M. KYRILLOS, JR.

District 13 (Middlesex and Monmouth)

Co-Sponsored by:

Senator Oroho

SYNOPSIS

Phases out cosmetic medical procedure gross receipts tax.

CURRENT VERSION OF TEXT

As reported by the Senate Budget and Appropriations Committee on September 22, 2011, with amendments.

An Act phasing out the cosmetic medical procedure gross receipts tax, supplementing P.L.2004, c.53 (C.54:32E-1 et seq.).

Be It Enacted by the Senate and General Assembly of the State of New Jersey:

1. Notwithstanding the provisions of section 1 of P.L.2004, c.53 (C.54:32E-1), the tax which shall be paid pursuant to P.L.2004, c.53 (C.54:32E-1 et seq.) shall be imposed: (1) at the rate of 4% on the gross receipts from a cosmetic medical procedure performed on or after ¹[July 1, 2010] the first day of the calendar quarter beginning after the date of enactment of P.L. , c. (pending before the Legislature as this bill)¹ but before July 1, ¹[2011] 2012¹, (2) at the rate of 2% on the gross receipts from a cosmetic medical procedure performed on or after July 1, ¹[2011] 2012¹ but before July 1, ¹[2012] 2013¹, and (3) at the rate of 0% on the gross receipts from a cosmetic medical procedure performed on or after July 1, ¹[2012] 2013¹.