If enacted, eligible stores in towns at least 99% inside the Highlands preservation area would apply half the usual sales tax to certain retail sales.
Shoppers would pay half the usual sales tax on eligible sales from stores in towns at least 99% inside the Highlands preservation area. Motor vehicles, alcoholic drinks, digital products, and cigarettes are excluded.
New Jersey would exempt eligible retail sales from half the usual sales tax. Sales must come from a store in a town with at least 99% of its area inside the Highlands preservation area. The seller must regularly display and offer goods at the store. Stores used mainly for catalog or mail orders do not qualify. Sales of motor vehicles, alcoholic drinks, digital products, and cigarettes are excluded. The tax cut would start on the first day of the fourth month after the bill becomes law.
No hearings or votes scheduled.