ASSEMBLY, No. 5088
STATE OF NEW JERSEY
221st LEGISLATURE
INTRODUCED DECEMBER 12, 2024
Sponsored by:
Assemblywoman ANDREA KATZ
District 8 (Atlantic and Burlington)
Co-Sponsored by:
Assemblyman Stanley
SYNOPSIS
Exempts sale of farm vehicles from sales and use tax for farmers.
CURRENT VERSION OF TEXT
As reported by the Assembly Commerce, Economic Development and Agriculture Committee on May 15, 2025, with amendments.
An Act providing a sales and use tax exemption for certain farm vehicles, and amending P.L.1990, c.115.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 3 of P.L.1990, c.115 (C.54:32B-8.43) is amended to read as follows:
3. Receipts from: (a) sales, renting or leasing of commercial trucks, truck tractors, tractors, semitrailers, and vehicles used in combination therewith, as defined in R.S.39:1-1, which are registered in New Jersey and (1) have a gross vehicle weight rating in excess of 26,000 pounds, (2) are operated actively and exclusively for the carriage of interstate freight pursuant to a certificate or permit issued by the Interstate Commerce Commission, or (3) are sold to a farmer and registered pursuant to R.S.39:3-24 or R.S.39:3-25 [and have a gross vehicle weight rating in excess of 18,000 pounds]; and (b) repair and replacement parts for such vehicles, are exempt from the tax imposed under the "Sales and Use Tax Act."
A taxpayer claiming an exemption pursuant to paragraph (3) of subsection (a) of this section shall provide such documentation as required by the director to demonstrate that the taxpayer qualifies as a farmer 1[and that farming is their primary source of income]1.
["Gross] As used in this section: "gross vehicle weight rating" means the value specified by the manufacturer as the loaded weight of the single or combination vehicle and, if the manufacturer has not specified a value for a towed vehicle, means the value specified for the towing vehicle plus the loaded weight of the towed unit.
(cf: P.L.1990, c.115, s.3)
2. This act shall take effect immediately.