This bill proposes to exempt residential customers from the sales and use tax on purchases of natural gas and electricity. Specifically, it mandates that public utilities providing these services must deduct the amount of sales and use tax from each customer's bill at the end of every monthly billing cycle. This change aims to alleviate the financial burden on residents amid increasing utility costs.

To implement this exemption, the Director of the Division of Taxation, in collaboration with the Board of Public Utilities, is tasked with adopting necessary rules and regulations. The bill is designed to take effect immediately upon passage, providing prompt relief to residential customers who rely on natural gas and electricity for their daily needs.