Establishes annual four-day sales tax holiday after Thanksgiving.

S3550

SENATE, No. 3550

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED FEBRUARY 19, 2026

Sponsored by:

Senator� ANTHONY M. BUCCO

District 25 (Morris and Passaic)

SYNOPSIS

���� Establishes annual four-day sales tax holiday after
Thanksgiving.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act

establishing an annual four-day exemption period after Thanksgiving under the
sales and use tax for retail sales of tangible personal property and
supplementing P.L.1966, c.30 (C.54:32B-1 et seq.).

����
Be It Enacted
by the Senate and General Assembly of the State of New
Jersey:

���� 1.� a.� Receipts from retail
sales of tangible personal property are exempt from the tax imposed under the
�Sales and Use Tax Act,� P.L.1966, c.30 (C.54:32B-1 et seq.) if the property is
sold during the exemption period.

���� b.� As used in this section:

���� �Exemption period� means the
period of time between 12:01 a.m. on the Friday after Thanksgiving and 11:59
p.m. on the Monday after Thanksgiving of each year.

���� 2.� Notwithstanding the
provisions of the �Administrative Procedure Act,� P.L.1968, c.410 (C.52:14B-1
et seq.) to the contrary, the Director of the Division of Taxation in the
Department of the Treasury may adopt immediately upon filing with the Office of
Administrative Law, such regulations as the director deems necessary to
implement the provisions of section 1 of P.L.���� , c.�� (C.������ ) (pending
before the Legislature as this bill) and to maintain compliance with the
Streamlined Sales and Use Tax Agreement, which regulations shall be effective
for a period not to exceed 180 days from the date of the filing.� The
regulations may therefore be amended, adopted, or readopted by the director as
the director deems necessary in accordance with P.L.1968, c.410.

���� 3.� This act shall take effect
immediately.

STATEMENT

���� This bill establishes an
annual four-day New Jersey sales tax holiday to cover the popular, early
seasonal shopping days after Thanksgiving.� The sales tax holiday will extend
from what has been called �Black Friday,� and include that Saturday, also known
as �Small Business Saturday, the next day of Sunday, and extend through what
has been termed �Cyber Monday.

���� Black Friday is a colloquial
term for the Friday after Thanksgiving.� It traditionally marks the start of
the Holiday shopping season.� Many stores offer highly promoted sales at
discounted prices and often open early, sometimes as early as midnight.� Small
Business Saturday is an American shopping holiday held during the Saturday
after Thanksgiving during one of the busiest shopping periods of the year.� It
is always the last Saturday in November.

���� Starting in 2010 and
officially cosponsored by Small Business Administration since 2011, Small
Business Saturday has become an important part of small businesses� holiday
shopping season. Small businesses create local jobs and pay local taxes, which
keeps money circulating within communities.� By doing their shopping at local
small businesses, customers can directly support their neighbors and help
benefit their local economies.� Shopping small for the holidays can also be
environmentally friendly.� When locally owned businesses locally source raw
materials or manufactured products, it reduces the distance that goods travel,
and often involve less packaging making for a smaller carbon footprint.� Local
retailers' websites and social media pages often promote special store
offerings, hours and event announcements in the days leading up to Small
Business Saturday.

Cyber Monday is
the marketing term for e-commerce transactions on the Monday after
Thanksgiving.� It was created by retailers to encourage people to shop online
and offers a way for smaller retail websites to compete with larger chains.�
Beginning in 2005, it has become the largest online shopping day of the year.