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
38–0
Passed · 2 other
Total votes 40
Mar 18, 2024
D
Democratic25
96% Yea
R
Republican15
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
Role
Legislator
Party
State
District
P
Doug Steinhardt
RRepublican
P
Kevin Egan
DDemocratic
P
Lisa Swain
DDemocratic
P
Lou Greenwald
DDemocratic
P
Paul Sarlo
DDemocratic
Co
Alex Sauickie
RRepublican
Co
Andrew Zwicker
DDemocratic
Co
Aura Dunn
RRepublican
Co
Brian Stack
DDemocratic
Co
Chris DePhillips
RRepublican
Co
Chris Tully
DDemocratic
Co
Joe Pennacchio
RRepublican
Co
Tony Bucco
RRepublican
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