ASSEMBLY, No. 2942

STATE OF NEW JERSEY

INTRODUCED MAY 8, 1997

By Assemblymen LeFEVRE and BLEE

An Act concerning the "Sales and Use Tax Act," and amending and supplementing P.L.1980, c.105.

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

    1. Section 28 of P.L.1980, c.105 (C.54:32B-8.16) is amended to read as follows:

    28. Receipts from sales of tangible personal property (except automobiles, and except property incorporated in a building or structure) for use and consumption directly and [exclusively] primarily in the production for sale of tangible personal property on farms, including stock, dairy, poultry, fruit, fur-bearing animals, and truck farms, ranches, nurseries, greenhouses or other similar structures used primarily for the raising of agricultural or horticultural commodities, and orchards are exempt from the tax imposed under the Sales and Use Tax Act.

(cf: P.L.1980, c.105, s.28)

    2. (New section) The director shall adopt, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq), regulations concerning the implementation of section 1 of P.L.199..., c.... (C......) (before the Legislature as this bill.)

    3. This act shall take effect immediately.

STATEMENT

    This bill would exempt receipts from sales of tangible personal property for use and consumption directly and primarily in the production for sale of tangible personal property on farms from the tax imposed under the "Sales and Use Tax Act." Current law exempts tangible personal property used directly and exclusively on farms.

Exempts tangible personal property used directly and primarily on farms from "Sales and Use Tax Act."