"Sales Tax Holiday Weekend Act"; establishes annual sales tax holiday every third weekend in August for certain retail sales.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates an annual sales tax holiday in New Jersey, taking place on the third weekend of August. During this weekend, most retail purchases are exempt from state sales tax. The goal of this holiday is to provide consumers with savings and stimulate retail sales. The exemption applies to most retail sales, with some exceptions outlined in the legislation.
Key provisions
- Designates the third weekend of August as the annual Sales Tax Holiday.
- Exempts most retail sales from New Jersey’s state sales tax during the holiday weekend.
- The exemption applies to purchases made on Friday, Saturday, and Sunday of the designated weekend.
Who is affected
- Consumers in New Jersey
- Retailers in New Jersey
- The State of New Jersey
Notable changes
- Creates a new annual sales tax holiday.
- Provides a temporary reduction in sales tax for consumers.
Fiscal impact
The bill is projected to result in a decrease in state sales tax revenue during the designated holiday weekend.
Bill text
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Sponsors
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1 on record
Primary sponsor
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