New Jersey S1923 suspends sales and use tax and societal benefits charge on electric and gas utility bills from June 1 to September 30, 2025.
New Jersey S1923 temporarily suspends the sales and use tax and societal benefits charge on electric and gas public utility bills from June 1 to September 30, 2025. This bill aims to provide relief to ratepayers from anticipated bill increases and excessive charges. The suspension applies to the sale or use of electric or gas utility service, exempting it from the tax imposed by the "Sales and Use Tax Act" during the specified period.
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