A 4018
"Energy Cost Reduction Act"; exempts purchases of natural gas and electricity for residential customers from sales and use tax.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
The Energy Cost Reduction Act aims to lower energy bills for New Jersey residents by exempting the purchase of natural gas and electricity from state sales and use taxes. This means that residential customers won't have to pay sales tax on their monthly utility bills. Public utilities will be responsible for calculating and deducting the applicable tax amount from customer bills each month. The law is designed to provide some financial relief to residents facing rising energy costs.
Sponsors
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Primary sponsor
Alex Sauickie
Cosponsor
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