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NJ A2812
Bill
Status
Introduced
1/9/2024
Primary Sponsor
Louis Greenwald
Click for details
AI Summary
- Exempts investment metal bullion (gold, silver, platinum, palladium that has been smelted or refined) from New Jersey sales and use tax when sold based on metal content rather than form
- Exempts investment coins from sales tax, defined as numismatic coins made of precious or non-precious metals with a fair market value of at least $1,000
- Excludes from the exemption precious metals that have been fabricated into industrial, professional, aesthetic, or artistic uses
- Excludes jewelry, works of art made from coins, and commemorative medallions from the investment coin exemption
- Takes effect on the first day of the fourth month following enactment
Legislative Description
Exempts sales of investment metal bullion and investment coins from sales and use tax.
Substituted by another Bill
Last Action
Substituted by S721 (2R)
6/28/2024
Committee Referrals
Appropriations6/3/2024
Commerce, Economic Development and Agriculture Committee1/9/2024
Full Bill Text
No bill text available