Exempts from sales and use tax sales of carbon monoxide detectors and any device or equipment sold for residential use to detect, warn of, abate, or extinguish fires.

This New Jersey bill exempts residential purchases of specific fire and carbon monoxide safety devices from state sales and use tax. It covers smoke alarms, detectors, fire extinguishers, heat-activated sprinklers, and carbon monoxide detectors that meet Underwriters Laboratories standards. Homeowners buying these items for their homes will save money on the purchase price. The exemption applies to devices sold for detecting, warning about, or stopping fires or carbon monoxide hazards in residential settings. The tax change takes effect four months after the bill becomes law.