New legislation includes measures to prevent Legionnaires’ disease, improve public transit transparency, regulate intoxicating hemp products, and support local economic initiatives.
MORRIS COUNTY, N.J. – On September 12, 2024, New Jersey Governor Phil Murphy signed a series of 17 legislative bills into law, each addressing critical issues such as public health, economic development, transportation, and environmental safety. The newly enacted laws reflect a broad scope of legislative efforts aimed at enhancing the well-being of New Jersey residents and improving state infrastructure. Below is a breakdown of the key bills signed into law:
Exemption of Investment Bullion and Coins from Sales Tax
S-721/A-2812 (Steinhardt, Sarlo/Greenwald, Swain, Egan)
This bill exempts the sale of investment metal bullion and coins from sales and use tax. It aims to promote investment in precious metals by eliminating sales tax, potentially boosting New Jersey’s investment market.