Excludes value of certain manufacturer rebates from sales price of motor vehicles taxable under sales and use tax.

This bill (S 1557) changes New Jersey's sales tax calculation for new motor vehicles. It excludes the value of manufacturer rebates (like cashback offers) from the "sales price" used to calculate sales tax. As a result, car buyers who receive such rebates would pay tax only on the net price after the rebate, reducing their overall tax burden. The bill amends existing tax law to clarify that rebates are not included in the taxable amount for motor vehicles.