SENATE, No. 2193
STATE OF NEW JERSEY
215th LEGISLATURE
INTRODUCED SEPTEMBER 20, 2012
Sponsored by:
Senator PAUL A. SARLO
District 36 (Bergen and Passaic)
Senator BOB SMITH
District 17 (Middlesex and Somerset)
SYNOPSIS
Provides certain exemptions from sales and use tax for compressed natural gas, liquefied natural gas, or propane fueled vehicles and plug-in hybrid electric vehicles, and for equipment used for refueling or recharging certain vehicles.
CURRENT VERSION OF TEXT
As reported by the Senate Environment and Energy Committee on January 14, 2013, with amendments.
An Act concerning the taxation of certain vehicles and refueling and recharging equipment, and supplementing P.L.1966, c.30 (C1.1 54:32B-1 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. Receipts from sales of motor vehicles fueled exclusively by compressed natural gas 1, liquefied natural gas, or propane1 are exempt to the extent of 50 percent of the tax imposed under the “Sales and Use Tax Act,” P.L.1966, c.30 (C.54:32B-1 et seq.).
b. The Commissioner of Environmental Protection shall certify to the State Treasurer the make and model of those motor vehicles that are fueled exclusively by compressed natural gas 1, liquefied natural gas, or propane1 and thereby eligible for the exemption provided pursuant to subsection a. of this section.
2. a. Receipts from sales of 1plug-in1 hybrid electric vehicles are exempt to the extent of 50 percent of the tax imposed under the “Sales and Use Tax Act,” P.L.1966, c.30 (C.54:32B-1 et seq.).
b. The Commissioner of Environmental Protection shall certify to the State Treasurer the make and model of those motor vehicles that are 1plug-in1 hybrid electric vehicles and thereby eligible for the exemption provided pursuant to subsection a. of this section.
3. Receipts from sales of equipment used exclusively for refueling a compressed natural gas 1, liquefied natural gas, or propane1 vehicle or recharging an electric vehicle 1or a plug-in hybrid electric vehicle1 are exempt from the tax imposed under the “Sales and Use Tax Act,” P.L.1966, c.30 (C.54:32B-1 et seq.).
4. The Department of the Treasury, in consultation with the Department of Environmental Protection, shall adopt rules and regulations pursuant to the “Administrative Procedure Act,” P.L.1968, c.410 (C.52:14B-1 et seq.), necessary to implement the provisions of this act.
5. This act shall take effect on the first day of the fourth month next following the date of enactment.