Sponsored by:
Assemblyman KEVIN J. ROONEY
District 40 (Bergen, Essex, Morris and Passaic)
Co-Sponsored by:
Assemblymen Simonsen and McClellan
SYNOPSIS
Exempts sales of passenger automobiles to honorably discharged veterans with a service-connected disability from sales and use tax.
CURRENT VERSION OF TEXT
As introduced.
An Act exempting receipts from the sales of passenger automobiles to honorably discharged veterans with a service-connected disability from the “Sales and Use Tax Act” and supplementing P.L.1966, c.30.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. Receipts from the sale of a passenger automobile to a veteran who has been honorably discharged or released under honorable circumstances from active service in any branch of the Armed Forces of the United States with a service-connected disability shall be exempt from the tax imposed pursuant to the “Sales and Use Tax Act,” P.L.1966, c.30 (C.54:32B-1 et seq.).
b. As used in this section:
“Passenger automobile” means any automobile used and designed for the transportation of passengers, other than omnibuses and school buses.
“Service-connected disability” means a disability sustained by injury or illness that was incurred or aggravated during military service as determined by the United States Department of Veterans’ Affairs.
2. This act shall take effect immediately and shall apply to receipts from sales made on or after the first day of the second month next following the date of enactment.
STATEMENT
This bill would exempt from the sales and use tax receipts from the sales of passenger automobiles to veterans who have been honorably discharged or released under honorable circumstances from active service in any branch of the Armed Forces of the United States with a service-connected disability. The bill defines a “passenger automobile” as any automobile used and designed for the transportation of passengers, other than omnibuses and school buses. The bill also defines a “service connected disability” as a disability sustained by injury or illness that was incurred or aggravated during military service as determined by the United States Department of Veterans’ Affairs.