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NJ S183
Bill
Status
1/9/2024
Primary Sponsor
Vincent Polistina
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AI Summary
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Exempts computers under $3,000, school computer supplies under $1,000, school supplies, school art supplies, and school instructional materials from New Jersey sales and use tax year-round when purchased by individuals for non-business use
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Removes the existing "back-to-school" sales tax holiday limitation (late August through Labor Day), making these exemptions permanent throughout the year
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Eliminates the current sales tax exemption for sport or recreational equipment that was previously available during the back-to-school holiday period
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Creates a gross income tax deduction of up to $500 for public or nonpublic elementary and secondary school teachers who purchase unreimbursed classroom supplies including books, computers, laboratory equipment, and other instructional materials
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Sales tax changes take effect on the first day of the fourth month following enactment; the teacher deduction applies to taxable years beginning January 1 following enactment
Legislative Description
Exempts from "Sales and Use Tax Act" certain retail sales of computers and school supplies; allows $500 gross income tax deduction to teachers purchasing school supplies for classroom use.
Education
Last Action
Introduced in the Senate, Referred to Senate Education Committee
1/9/2024