Provides for reduced sales tax imposition on certain sales in certain Highlands Region Preservation Area municipalities.

This bill (S 369) exempts 50% of the state sales tax for retailers operating in municipalities where 99% or more of the area is within New Jersey's Highlands Region Preservation Area. It applies to most retail sales (excluding motor vehicles, alcohol, digital products, and cigarettes) made at physical stores, not catalog or mail-order operations. The goal is to support local businesses and preserve jobs in these designated preservation areas by reducing their tax burden. The exemption would take effect four months after enactment.