54:32B-8.27. Locomotives, railroad cars, other railroad rolling stock and related materials
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/nj/title-54/chapter-32b/54-32b-8-27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Receipts from sales of locomotives, railroad cars and other railroad rolling stock, including repair and replacement parts therefor, track materials, and communication, signal and power transmission equipment, to a railroad whose rates are regulated by the Interstate Commerce Commission or by the Board of Public Utilities are exempt from the tax imposed under the Sales and Use Tax Act.
L.1980, c. 105, s. 39, eff. Sept. 11, 1980.