S 721 New Jersey Senate · 2024-2025 Regular Session

Exempts sales of investment metal bullion and certain investment coins from sales and use tax.

This bill exempts sales of refined precious metal bullion (like gold, silver, platinum, and palladium bars) and high-value numismatic coins ($1,000 or more) from New Jersey's sales and use tax. It directly affects buyers purchasing these specific investment-grade items, not jewelry or art made from them. The law defines "investment bullion" as unprocessed metals where value depends on metal content, excluding fabricated items like jewelry. It also excludes commemorative medallions and coins used in artistic works from the exemption.
Bill status signed all 5 stages cleared
Introduction
Jan 2024
Committee Review
Jun 2024
Senate Passage
Jun 2024
General Assembly Passage
Jun 2024
Signed into Law
Sep 2024
Introduced Jan 9, 2024 Signed Sep 12, 2024
Floor votes · Senate Mar 18, 2024 · General Assembly Jun 28, 2024

How they voted

380
Passed · 2 other
Total votes 40
Mar 18, 2024
D Democratic25
24 Yea 1
96% Yea
R Republican15
14 Yea 1
93% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
11
Key actions
6
Committee
4
Sep 12, 2024
Signed into law
Approved P.L.2024, c.64.
executive
Jun 28, 2024
Upper · Passed
Passed Senate (Passed Both Houses) (40-0)
upper
Jun 28, 2024
Lower · Passed
Passed Assembly (73-0-0)
lower
Jun 24, 2024
Lower · Passed
Reported out of Assembly Committee with Amendments, 2nd Reading
lower
Jun 3, 2024
Committee
Reported and Referred to Assembly Appropriations Committee
lower
Mar 18, 2024
Committee
Received in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
lower
Mar 18, 2024
Upper · Passed
Passed Senate (38-0)
upper
Mar 11, 2024
Upper · Passed
Reported out of Senate Committee with Amendments, 2nd Reading
upper
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
upper
5 primary · 8 co-sponsors

Sponsors