Bill Text: NJ S679 | 2010-2011 | Regular Session | Introduced
Bill Title: Repeals cosmetic medical procedure gross receipts tax.
Spectrum: Slight Partisan Bill (Democrat 7-4)
Status: (Introduced - Dead) 2010-01-12 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee [S679 Detail]
Download: New_Jersey-2010-S679-Introduced.html
STATE OF NEW JERSEY
214th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2010 SESSION
Sponsored by:
Senator PAUL A. SARLO
District 36 (Bergen, Essex and Passaic)
Senator RICHARD J. CODEY
District 27 (Essex)
Co-Sponsored by:
Senators Buono, Madden, Sweeney, Turner, Kyrillos, Vitale, Ciesla, Baroni and A.R.Bucco
SYNOPSIS
Repeals cosmetic medical procedure gross receipts tax.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel
An Act concerning the cosmetic medical procedure gross receipts tax and repealing 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. P.L.2004, c.53 (C.54:32E-1 et seq.) is repealed.
2. Notwithstanding the repeal of P.L.2004, c.53, the repeal shall not affect any obligation, lien or duty to pay taxes, interest or penalties which have accrued or may accrue by virtue of any taxes imposed pursuant to the provisions of P.L.2004, c.53 or which may be imposed with respect to any redetermination, correction, recomputation or deficiency assessment; and provided that all taxes and returns which would have been due and payable prior to the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill) shall be due and payable as if P.L.2004, c.53 were in effect; and provided that this repeal shall not affect the legal authority of the State to audit records and assess and collect taxes due or which may be due, together with such interest and penalties as have accrued or would have accrued thereon under the provisions of the law repealed; and provided that the repeal by section 1 of P.L. , c. (C. ) (pending before the Legislature as this bill), shall not affect any determination of, or affect any proceeding for, the enforcement thereof.
3. This act shall take effect on the first day of the third month next following the date of enactment.
STATEMENT
The bill repeals the cosmetic medical procedure gross receipts tax. P.L.2004, c.53 (C.54:32E-1 et seq.) created a 6% gross receipts tax on certain cosmetic medical procedures. The repeal is effective the first day of the third month next following the date of enactment. The incoming revenues from the tax have been much lower than expected and the repeal of the tax will relieve the Division of Taxation and the providers of cosmetic medical procedures of the administrative burden of collecting the tax and the economic burden on the patients who pay the tax in the charges for procedures.
