Phases out sales and use tax exemption on zero emission vehicles; repeals annual sales tax holiday for certain school supplies and sport or recreational equipment.

This bill phases out New Jersey's sales tax exemption for zero-emission vehicles (EVs) in two steps: a temporary 3.3125% tax applies to EV sales from October 2024 through June 2025, then the standard 6.625% sales tax applies starting July 2025. It also repeals the annual sales tax holiday for school supplies, computers, instructional materials, and sport/recreational equipment that previously exempted these items during a ten-day period each September. The bill directly affects EV buyers (who will pay tax instead of exemption) and retailers selling those specific school/sports items (who lose the tax holiday period). These changes implement policy adjustments proposed in the Governor’s 2025 budget.