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NJ A4018
Bill
Status
2/12/2026
Primary Sponsor
Alex Sauickie
Click for details
AI Summary
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Exempts retail sales of natural gas and electricity for residential use from New Jersey's state sales and use tax
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Requires public utilities providing residential gas or electric services to deduct the sales tax amount from customer bills at the end of each monthly billing cycle
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Directs the Division of Taxation, in consultation with the Board of Public Utilities, to adopt rules and regulations to implement the exemption
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Takes effect immediately upon enactment
Legislative Description
"Energy Cost Reduction Act"; exempts purchases of natural gas and electricity for residential customers from sales and use tax.
Telecommunications and Utilities
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee
2/12/2026