The New Jersey Law Revision Commission will meet on Thursday, October 20, 2016, at 10:00a.m. in the Commission offices on the 7th Floor, 153 Halsey Street, Newark, New Jersey.
1. Bulk Sale Tax Notification - N.J.S. 54:50-38 -- Consideration of Draft Final Report proposing revisions to N.J.S. 54:50-38 to clarify that the statutory exemption from the application of the Bulk Sales Act includes more than one individual, trust or estate co-owning a simple dwelling house or seasonal rental unit as joint tenants in common. WORD || PDF
3. Sales and Use Exemption -- Consideration of a Draft Final Report proposing revisions to N.J.S. 54:32B-8.28 to clarify the statutory definition of "bus" in accordance with the Appellate Division decision,Air Brook Limousine, Inc. v. Director, Division of Taxation, 2012 WL 3166607 (App.Div. 2012). WORD || PDF
4. New Jersey Francise Practices Act -- Consideration of a Revised Tentative Report proposing limited modification to FPA consistent with the case law interpreting the provisions concerning forum-selection clauses and the input received during the comment period. WORD || PDF
Please note: Next Commission Meeting tentatively scheduled for November 17, 2016.