Newark Urban Enterprise Zone
Personal Property Tax Benefits
A qualified business may be entitled to reduced rates or an exemption
from sales and use tax on the purchase of tangible personal property for
the exclusive use or consumption of such business within the Zone.
|
Category |
Description |
Exemption 1
On
Purchases, Rentals, Leases
For All Businesses |
Reduced Rates
On Sales, Rentals, Leases 2
For Retailers 3 |
| Admissions |
Admissions, Amusements |
No |
No |
Advertising
Materials |
Sales Catalogs, Brochures, Placemats, Flyers, Etc. |
Yes 4 |
Yes |
| Alcohol |
Alcoholic Beverages |
No |
No |
| Boats |
Boats |
No |
Yes |
| Building Materials |
Building Materials For Repair Or New
Construction (May Also Be Purchased By Hired Contractor With UZ4 Form) 5 |
Yes |
Yes |
| Cigarettes |
Cigarettes |
No |
No |
| Contractor Equipment |
Construction Equipment Used By Hired
Contractor At Business Site (Crane, Forklift, Tools, Etc.) |
No |
Yes |
| Equipment |
Office
and Business Equipment, Supplies, Trade Fixtures, Furnishings And Most
Tangible Personal Property. |
Yes |
Yes |
| Food Stores |
Most Taxable Items Including Candy, Soda, Pet
Food, Etc. |
No |
Yes |
| Foods-Prepared |
Restaurant
Meals And Beverages, Prepared Foods |
No |
No |
| Fuel |
Petroleum Products Gross Receipts Or Fuels
Taxes |
No |
No |
| Hotel
Rooms |
Hotel
Rooms |
No |
No |
| Telecommunications |
Non-Mobile Telecommunications
Equipment-Separate Billing |
Yes |
Yes |
| Vehicles |
Conventional
Motor Vehicles, Trailers Or House Trailers |
No |
No |
| Vehicles |
Conventional Motor Vehicles Parts Or Supplies |
No |
Yes |
| Vehicles |
Unconventional
Motor Vehicles, E.G. Forklifts |
Yes 5 |
Yes |
| Vehicles |
Unconventional Motor Vehicles Parts Or
Supplies |
Yes |
Yes |
Notes:
1
Purchase/transaction is for the exclusive use or
consumption by the eligible business at the zone
location.
2 Completed purchase/transaction
is made face-to-face, either by customer ordering at
site, picking up at site or both.
3 Vendor regularly exhibits and
has an inventory of items for retail sale and is not
primarily a catalog or mail order business.
4 Used or suitable for customers
at business site.
5 Contractors must pay sales tax
on purchases, rentals and leases of equipment used at
site.
Please check our Question and
Answers (Q & A) section for more information.
>>> Services Tax Benefits >>>
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