{"data":{"id":"us-nj/n.j.-stat.-54-32b-8.57","jurisdiction":"us-nj","citation":"N.J. Stat. § 54:32B-8.57","heading":"Sale-leaseback transaction, exemption from tax.","body":"16.\tReceipts from a sale-leaseback transaction are exempt from the tax imposed under the \"Sales and Use Tax Act\", P.L.1966, c.30 (C.54:32B-1 et seq.).  For purposes of this section, a \"sale-leaseback\" means a transaction where the owner of tangible property sells the property to a lessor, who leases it back to the owner within 180 days from when the property was originally placed in service by the owner. A sale-leaseback shall be considered a financing arrangement and shall not be considered a separate sale, use, or lease of the property.\nL.2005,c.126,s.16.","path":["TITLE 54 TAXATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"eb1f625dd5a6f9218212b749435ef6696747ba271d23c62626a2eba532bda183","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54-32b-8.56","next":"us-nj/n.j.-stat.-54-32b-8.58"},"notice":"GroundRules: Original legal text. Not legal advice."}