SENATE SENIOR CITIZENS, VETERANS' AFFAIRS AND AGRICULTURE COMMITTEE

STATEMENT TO

SENATE, No. 1248

with committee amendments

STATE OF NEW JERSEY

DATED: SEPTEMBER 19, 1996

      The Senate Senior Citizens, Veterans' Affairs and Agriculture Committee favorably reports Senate Bill No. 1248 with committee amendments.

      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.

      Committee amendments would correct a reference in the bill.