Exempts sales of pet food and medication purchased for pets from sales and use tax.

This bill exempts sales of pet food and certain pet medications from New Jersey's sales and use tax. It directly affects pet owners who purchase food or medication for their legally owned companion animals (defined as domesticated pets kept for companionship, not for business or research). The exemption covers medications recognized by state pharmacy/veterinary boards for treating pets, those affecting a pet's bodily function (excluding standard food/supplements), or prescriptions from licensed veterinarians. The exemption applies to purchases made after the first full calendar quarter following the bill's enactment.