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S4175 • 2026

Provides sales and use tax exemption for certain purchases made by certain common interest communities in UEZ.

Provides sales and use tax exemption for certain purchases made by certain common interest communities in UEZ.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Stack, Brian P.
Last action
2026-05-11
Official status
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Provides sales and use tax exemption for certain purchases made by certain common interest communities in UEZ.

Provides sales and use tax exemption for certain purchases made by certain common interest communities in UEZ.

What This Bill Does

  • Provides sales and use tax exemption for certain purchases made by certain common interest communities in UEZ.
  • Topic: Community and Urban Affairs Fiscal note: This bill has been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-11 New Jersey Legislature

    Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee

Official Summary Text

Provides sales and use tax exemption for certain purchases made by certain common interest communities in UEZ.
Topic:
Community and Urban Affairs
Fiscal note:
This bill has been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
S4175

SENATE, No. 4175

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED MAY 11, 2026

Sponsored by:

Senator� BRIAN P. STACK

District 33 (Hudson)

SYNOPSIS

���� Provides sales and use tax exemption for certain
purchases made by certain common interest communities in UEZ.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act

concerning the imposition of the sales and use
tax on certain common interest communities in urban enterprise zones and
supplementing P.L.1983, c.303 (C.52:27H-60 et seq.).

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

���� 1.��� a.�������� Notwithstanding
the provisions of section 20 of P.L.1983, c.303 (C.52:27H-79), receipts from
the first $300,000 of annual retail sales of materials, supplies, and services
for the exclusive use of erecting structures or buildings on, or maintaining,
improving, altering, or repairing the real property of a large common interest
community in an urban enterprise zone, or a contractor hired by the common
interest community to make such improvements, alterations, or repairs, are
exempt from the taxes imposed under the "Sales and Use Tax Act,"
P.L.1966, c.30 (C.54:32B-1 et seq.).

���� b.��� As used in this section,
"large common interest community" means a horizontal property regime,
condominium, homeowner association, cooperative, or mutual housing corporation
with at least 1,000 units, in which some of the property, commonly known as
"common elements" or "common areas," are owned or
controlled by the unit or association owners or members.

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

STATEMENT

���� Under current law, receipts
from the first $100,000 of annual retail sales of tangible personal property
(except motor vehicles and energy) and sales of services (except
telecommunications services and utility services) to a qualified business for
the exclusive use or consumption of the business within an enterprise zone are
annually exempt from the taxes imposed under the "Sales and Use Tax
Act," P.L.1966, c.30 (C.54:32B-1 et seq.).� This bill allows for an
exemption of $300,000 for certain purchases made by large common interest
communities in urban enterprise zones.

���� Under the bill, a "large common
interest community" means a horizontal property regime, condominium,
homeowner association, cooperative, or mutual housing corporation with at least
1,000 units, in which some of the property, commonly known as "common
elements" or "common areas," are owned or controlled by the unit
or association owners or members.