New Jersey Statutes 54:32B-8.22. Sales tax exemption for certain services, supplies to certain exempt organizations
Terms Used In New Jersey Statutes 54:32B-8.22
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
a. Organizations described in subsections (a) and (b) of section 9 of the “Sales and Use Tax Act,” P.L.1966, c.30 (C. 54:32B-9) that are exempt from the tax imposed under the “Sales and Use Tax Act”;
b. Qualified businesses within an enterprise zone as authorized in section 20 of the “New Jersey Urban Enterprise Zones Act,” P.L.1983, c.303 (C. 52:27H-79); and
c. Housing sponsors who have obtained financing for housing projects pursuant to the “New Jersey Housing and Mortgage Finance Agency Law of 1983,” P.L.1983, c.530 (C. 55:14K-1 et seq.), which projects have received other federal, State or local subsidies in order to achieve financial feasibility are exempt from the tax imposed under the “Sales and Use Tax Act,” provided any person seeking to qualify for the exemption shall do so pursuant to such rules and regulations and upon forms as shall be prescribed by the director.
For the purposes of this section, a qualified business within an enterprise zone shall include any urban renewal entity established pursuant to P.L.1961, c.40 (C. 40:55C-40 et seq.), provided, however, that the entity is the sole owner of an operating company which is a qualified business pursuant to subsection c. of section 3 of P.L.1983, c.303 (C. 52:27H-62), and that the entity and its operating company are situated within the same zone.
L.1980,c.105,s.34; amended 1983, c.303, s.31; 1988, c.83, s.1; 1988, c.93, s.5; 2006, c.34, s.2.