Exempts purchases of natural gas and electricity for residential customers from sales and use tax.

This bill exempts residential purchases of natural gas and electricity from New Jersey's state sales and use tax. It requires public utilities to deduct the sales tax amount from monthly customer bills, effectively removing the tax from residential energy costs. The legislation applies only to retail sales for residential use and does not affect commercial or industrial customers. The Director of the Division of Taxation must work with the Board of Public Utilities to create rules implementing these changes. The bill takes effect immediately upon introduction.