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New Jersey Statutes, Title: 54, TAXATION

    Chapter 32B:

      Section: 54:32B-4.2: Partial tax exemption for sale, use of certain boats.

          
1. Notwithstanding the provisions of P.L.1966, c. 30 (C.54:32B-1 et seq.) to the contrary, receipts from the sale of a boat or other vessel are exempt to the extent of 50 percent of the tax imposed under section 3 of the "Sales and Use Tax Act," P.L.1966, c.30 (C.54:32B-3) and the maximum amount of tax imposed and collected on the sale or use of a boat or other vessel shall not exceed $20,000.

L.2015, c.170, s.1.

This section added to the Rutgers Database: 2016-01-04 11:45:29.






Older versions of 54:32B-4.2 (if available):



Court decisions that cite this statute: CLICK HERE.