STATE OF NEW JERSEY
218th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2018 SESSION
Sponsored by:
Senator THOMAS H. KEAN, JR.
District 21 (Morris, Somerset and Union)
Senator PAUL A. SARLO
District 36 (Bergen and Passaic)
Assemblywoman NANCY F. MUNOZ
District 21 (Morris, Somerset and Union)
Assemblyman GORDON M. JOHNSON
District 37 (Bergen)
Assemblyman ANTHONY M. BUCCO
District 25 (Morris and Somerset)
Co-Sponsored by:
Assemblymen Space and Wirths
SYNOPSIS
Exempts sales of certain materials used in industrial sand casting processes from sales and use tax.
CURRENT VERSION OF TEXT
As reported by the Senate Economic Growth Committee with technical review.
An Act exempting sales of certain materials used in industrial sand casting processes from the sales and use tax, supplementing P.L.1966, c.30 (C.54:32B-1 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Receipts from sales of sands, binders, washes, and other similar materials used to create a mold or core in an industrial sand casting process, if those sands, binders, washes, and other similar materials are an integral or essential part of the processing operation, are exempt from the tax imposed by the “Sales and Use Tax Act,” P.L.1966, c.30 (C.54:32B-1 et seq.).
2. This act shall take effect immediately and apply to receipts received from all sales made on or after the first day of the fourth month next following the date of enactment.