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NJ S1557
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Carmen Amato
Click for details
AI Summary
- Excludes manufacturer rebates from the taxable sales price of motor vehicles when the rebate is applied as a down payment or price reduction at the time of retail sale
- Defines "manufacturer rebate" as a cash payment made directly by the motor vehicle manufacturer to the purchaser, not through credit issuance
- Amends the existing Sales and Use Tax Act (P.L.1966, c.30) by adding manufacturer rebates to the list of exclusions from "sales price"
- Sponsored by Senator Carmen F. Amato, Jr. of District 9 (Ocean County) and pre-filed for introduction in the 2026 legislative session
Legislative Description
Excludes value of certain manufacturer rebates from sales price of motor vehicles taxable under sales and use tax.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/13/2026
Committee Referrals
Commerce1/13/2026
Full Bill Text
No bill text available