54:32B-4.2 Partial tax exemption for sale, use of certain boats. 1. Notwithstanding the provisions of P.L.1966, c. 30 (C.54:32B-1 et seq.) to the contrary, receipts from the sale of a boat or other vessel are exempt to the extent of 50 percent of the tax imposed under section 3 of the 'Sales and Use Tax Act,' P.L.1966, c.30 (C.54:32B-3) and the maximum amount of tax imposed and collected on the sale or use of a boat or other vessel shall not exceed $20,000. L.2015, c.170, s.1.
New Jersey Legal Code