Bill Text: NJ S1988 | 2010-2011 | Regular Session | Amended
Bill Title: Phases out cosmetic medical procedure gross receipts tax.*
Spectrum: Moderate Partisan Bill (Democrat 8-2)
Status: (Engrossed - Dead) 2011-12-01 - Reported out of Assembly Committee, 2nd Reading [S1988 Detail]
Download: New_Jersey-2010-S1988-Amended.html
Sponsored by:
Senator PAUL A. SARLO
District 36 (Bergen, Essex and Passaic)
Senator JOSEPH M. KYRILLOS, JR.
District 13 (Middlesex and Monmouth)
Co-Sponsored by:
Senator Oroho
SYNOPSIS
Phases out cosmetic medical procedure gross receipts tax.
CURRENT VERSION OF TEXT
As reported by the Senate Budget and Appropriations Committee on September 22, 2011, with amendments.
An Act phasing out the cosmetic medical procedure gross receipts tax, supplementing P.L.2004, c.53 (C.54:32E-1 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding the provisions of section 1 of P.L.2004, c.53 (C.54:32E-1), the tax which shall be paid pursuant to P.L.2004, c.53 (C.54:32E-1 et seq.) shall be imposed: (1) at the rate of 4% on the gross receipts from a cosmetic medical procedure performed on or after 1[July 1, 2010] the first day of the calendar quarter beginning after the date of enactment of P.L. , c. (pending before the Legislature as this bill)1 but before July 1, 1[2011] 20121, (2) at the rate of 2% on the gross receipts from a cosmetic medical procedure performed on or after July 1, 1[2011] 20121 but before July 1, 1[2012] 20131, and (3) at the rate of 0% on the gross receipts from a cosmetic medical procedure performed on or after July 1, 1[2012] 20131.
2. This act shall take effect immediately.