Provides sales and use tax exemption for certain purchases made by certain common interest communities in UEZ.

This bill expands a sales and use tax exemption in New Jersey's urban enterprise zones to include large common interest communities. It directly affects condominiums, homeowner associations, and similar organizations with at least 1,000 units that own or control shared areas. Under the new provision, these communities can purchase up to $300,000 worth of materials, supplies, and services annually for building or maintaining their properties without paying sales tax, an increase from the previous $100,000 limit. The law applies to purchases made by the community itself or by contractors hired to perform improvements on the real property.