ASSEMBLY, No. 2215

STATE OF NEW JERSEY

INTRODUCED JUNE 27, 1996

By Assemblymen GARCIA, R. SMITH, Assemblywoman Buono, Assemblyman Barnes, Assemblywoman Friscia, Assemblymen Green, Greenwald, Assemblywoman Turner, Assemblymen Romano, Azzolina, Roma and Assemblywoman Quigley

An Act allowing certain veterans organizations to make sales of food and beverages exempt from the sales and use tax, supplementing P.L.1966, c.30.

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

    1. Receipts from the sale of food and drink by, and at the premises of, a post or organization of war veterans, or auxiliary unit or society of a post or organization are exempt from the tax imposed under the "Sales and Use Tax Act" if the post, organization, unit or society is organized in this State and if no part of their net earnings inures to the benefit of any private stockholder or individual.

    2. This act shall take effect immediately but remain inoperative until the first day of the third month following enactment.

STATEMENT

    This bill allows veterans organizations to make sales and use tax exempt sales of food and beverages. To make the exempt sales, the veterans organizations must be organized in this State, and no part of the organization's net earnings may inure to the benefit of a private stockholder or individual.