This bill establishes an annual sales tax holiday in New Jersey for certain retail sales related to back-to-school shopping, specifically during the months of August and September. The sales tax exemption applies to individual purchasers for non-business use and includes a range of items such as computers priced under $3,000, school computer supplies under $1,000, school supplies, school art supplies, and school instructional materials. The exemption period is defined as starting at 12:01 a.m. on the first day of August and ending at 11:59 p.m. on the 30th day of September each year.

The bill also allows the Director of the Division of Taxation to adopt necessary regulations to implement the provisions of the act, effective for up to 180 days. This initiative aims to provide financial relief to students and their families while also benefiting local merchants by encouraging consumer spending during a typically slow sales period. The bill is designed to be administratively simple, requiring no special forms or applications from taxpayers, thus streamlining the process for both consumers and businesses.