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

This bill exempts sales of materials, supplies, and services used in building or improving affordable housing projects from New Jersey's sales and use tax. It specifically applies to projects where all housing units are intended for moderate, low, or very low-income residents, as defined by state law. The exemption covers transactions with contractors or repairmen for these projects, reducing development costs for housing sponsors. This expands existing tax exemptions to include a new category of affordable housing developments.