Bill Text: NJ A816 | 2012-2013 | Regular Session | Introduced
Bill Title: Repeals cosmetic medical procedure gross receipts tax.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2012-01-10 - Introduced, Referred to Assembly Appropriations Committee [A816 Detail]
Download: New_Jersey-2012-A816-Introduced.html
STATE OF NEW JERSEY
215th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2012 SESSION
Sponsored by:
Assemblyman JOSEPH CRYAN
District 20 (Union)
Co-Sponsored by:
Assemblywoman McHose
SYNOPSIS
Repeals cosmetic medical procedure gross receipts tax.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel
An Act concerning the cosmetic medical procedure gross receipts tax and repealing 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. P.L.2004, c.53 (C.54:32E-1 et seq.) is repealed.
2. Notwithstanding the repeal of P.L.2004, c.53, the repeal shall not affect any obligation, lien or duty to pay taxes, interest or penalties which have accrued or may accrue by virtue of any taxes imposed pursuant to the provisions of P.L.2004, c.53 or which may be imposed with respect to any redetermination, correction, recomputation or deficiency assessment; and provided that all taxes and returns which would have been due and payable prior to the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill) shall be due and payable as if P.L.2004, c.53 were in effect; and provided that this repeal shall not affect the legal authority of the State to audit records and assess and collect taxes due or which may be due, together with such interest and penalties as have accrued or would have accrued thereon under the provisions of the law repealed; and provided that the repeal by section 1 of P.L. , c. (C. ) (pending before the Legislature as this bill), shall not affect any determination of, or affect any proceeding for, the enforcement thereof.
3. This act shall take effect on the first day of the second month next following the date of enactment.
STATEMENT
This bill repeals the cosmetic medical procedure gross receipts tax. P.L.2004, c.53 (C.54:32E-1 et seq.) created a 6% gross receipts tax on certain cosmetic medical procedures. The obligations for tax liability due and payable for the tax shall be enforced through the first day of the second month of enactment before the repeal takes effect. The bill repeals the tax because the incoming revenues from the tax have been much lower than expected, particularly in light of the administrative burden on the Division of Taxation and the offices providing cosmetic medical procedures, and the economic burden on the customers and patients who pay for the procedures.
