N.J. bill offers sales-tax rebates for storm repairs

Posted: November 22, 2012

TRENTON - Democrats who lead the New Jersey Assembly have introduced legislation that would provide sales-tax rebates to property owners and small businesses repairing damage from Sandy.

Speaker Sheila Oliver and Majority Leader Louis Greenwald introduced the bill Monday to provide sales-tax rebates on supplies and services bought between Oct. 30 and Jan. 1, 2014.

Greenwald, who represents portions of Camden and Burlington Counties, said a sales-tax relief program would spark economic activity in areas most heavily damaged by the storm.

The measure would allow for rebates with receipts on construction materials, carpeting, appliances, vehicles, contracting services, and more.

For homeowners, rebates would be offered only on goods and services for primary residences.

To receive the benefit, affected storm victims and contractors making purchases on behalf of storm victims would have to pay the tax at the point of purchase, then file a rebate claim with the Department of Treasury.

The bill would require the rebate to be paid within six months of the date the claim was filed or else interest would be added to the rebate amount.

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