Expands sales and use tax exemption for receipts from sales of materials, supplies, and services for certain affordable housing projects.

Summary

The bill broadens New Jersey’s sales and use tax exemption to cover receipts from sales of materials, supplies, and services for designated affordable‑housing projects. Developers and their suppliers would pay less tax, lowering construction costs and encouraging more affordable housing. The change supports the state’s goal of increasing affordable‑housing stock.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share