New Jersey Sustainable Energy Joint Meeting (NJ SEM)
The State of New Jersey has stated that claims for sales and use tax exemptions for purchases of natural gas, electricity and the related transportation and transmission service (also called “utility service”) are invalid, and put all energy suppliers on notice regarding these claims. To meet these requirements, the NJSEM issues the RFB’s for natural gas and electricity supplies with specifications that require supplier price bids to include the 7% Sales and Use Tax (SUT) as required by the State’s Treasury Department. Therefore, the total unit price charged by any of the NJSEM’s energy suppliers to NJSEM members participating in energy procurements must include the 7% SUT.
The invoices from the NJSEM’s natural gas and electricity suppliers reflect their winning bid unit price on the bottom line, and what you see listed above the line as sales tax is also required by the State of New Jersey from all sellers of natural gas, electricity and utility service.