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NJ A349
Bill
Status
1/9/2024
Primary Sponsor
Claire Swift
Click for details
AI Summary
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Exempts from New Jersey sales and use tax all charges for maintaining, servicing, or repairing aircraft within the designated Aviation District
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Extends the exemption to cover sales of machinery, equipment, and replacement parts installed on aircraft within the Aviation District
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Defines the Aviation District as areas within the Atlantic City International Airport, the FAA William J. Hughes Technical Center, and all land within a one-mile radius of these facilities' outermost boundaries
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Takes effect on the first day of the fourth month following enactment, applying to all sales made on or after that date
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Aims to encourage expansion of aircraft service and repair facilities and diversify the regional economy beyond casino and tourism industries
Legislative Description
Provides sales tax exemption for maintaining, servicing, or repairing of aircraft and sales of machinery or equipment and replacement parts installed on aircraft within aviation district.
Appropriations
Last Action
Introduced, Referred to Assembly Appropriations Committee
1/9/2024