New Jersey S2735 exempts sales of fuel cell devices, systems, and related property from sales and use tax.
New Jersey S2735 provides a sales and use tax exemption for fuel cell devices and systems, as well as certain tangible personal property powered by fuel cells. The bill exempts sales of hydrogen, propane, natural gas, and utility service used as fuel in fuel cell devices or systems, and sales of electricity generated by fuel cells. The exemption aims to encourage the deployment of fuel cell technologies, which are clean, safe, and reliable sources of energy.
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