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 stages: a temporary 3.3125% tax applies from October 2024 through June 2025, after which the standard 6.625% sales tax will apply starting July 2025. It also repeals the annual sales tax holiday that previously exempted school supplies, computers, computer supplies, instructional materials, and sports/recreational equipment during a 10-day period each September. The changes directly affect EV buyers and retailers selling these specific items during the tax holiday window. The bill takes effect immediately, implementing a key tax policy from the Governor's 2025 budget proposal.