Exempts from sales and use tax sales of carbon monoxide detectors and any device or equipment sold for residential use to detect, warn of, abate, or extinguish fires.

S 2650 exempts from New Jersey's sales and use tax the purchase of residential fire safety devices, including carbon monoxide detectors, smoke alarms, fire extinguishers, and heat-activated sprinkler systems. The bill directly affects homeowners and renters buying these qualifying safety products for their homes. To qualify for the exemption, devices must meet Underwriters Laboratories (UL) standards or equivalent at the time of sale. The tax exemption applies to sales occurring four months after the bill's enactment. This policy change lowers the cost for residents purchasing essential fire and carbon monoxide safety equipment.