S.2026

Exempts certain retail sales of computers and school supplies from sales tax; allows teachers a $500 tax deduction for classroom supplies.

This bill exempts from sales and use tax certain retail sales of computers and school supplies, including school art supplies, school instructional materials, and computers priced under $3,000. It also provides a $500 gross income tax deduction for eligible educators purchasing classroom supplies. Eligible educators are defined as teachers employed in public or nonpublic elementary or secondary schools in New Jersey. The sales tax exemption takes effect immediately but applies to sales made on or after the first day of the fourth month following enactment.