Section 54:32B-8.5 - Newspapers, magazines, periodicals, certain, exemptions from taxa. Receipts from sales of: (2) magazines and periodicals sold by subscription, and(3) membership periodicals are exempt from the tax imposed under the "Sales and Use Tax Act," whether or not accessed by electronic means.
b. For the purposes of this section, a "membership periodical" is any periodical distributed by a nonprofit organization to its members as a benefit of membership in the organization.Amended by L. 2006, c. 44, s. 7, eff. 7/8/2006.L.1980, c.105, s.17, eff. Sept. 11, 1980. L. 2006, c. 44, s. 20, states, "This act shall take effect immediately, provided however that sections 3, 4, 10 and 18 shall remain inoperative until July 15, 2006 and provided further that sections 1, 2, 5 through 9, and 11 through 16 shall remain inoperative until October 1, 2006."