CHAPTER 293

 

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:


C.54:32B-8.16 Tangible personal property for use on farms, exceptions.

    28. Receipts from sales of tangible personal property (except automobiles, and except property incorporated in a building or structure and except energy) for use and consumption directly and 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.


C.54:32B-8.16a Rules, regulations.

    2.    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 28 of P.L.1980, c.105, as amended by section 1 of P.L.1977, c.293( C.54:32B-8.16).


    3.    This act shall take effect immediately.


    Approved January 8, 1998.