Exempts residential purchases of natural gas and electricity from sales and use tax in New Jersey.

The "Energy Cost Reduction Act" exempts from the State sales and use tax the retail sales of natural gas and electrical services for residential customers. Public utilities providing these services must deduct the sales and use tax amount from each customer's bill at the end of each monthly billing cycle. This exemption aims to provide relief to residents facing rising energy costs.

Exempts residential purchases of natural gas and electricity from sales and use tax in New Jersey.

The "Energy Cost Reduction Act" exempts from the State sales and use tax the retail sales of natural gas and electrical services for residential customers. Public utilities providing these services must deduct the sales and use tax amount from each customer's bill at the end of each monthly billing cycle. This exemption aims to provide relief to residents facing rising energy costs.