TRENTON – The Senate approved a bill phasing-out a 6 percent tax on cosmetic medical procedures, 33-2.
The bill, sponsored by state Sens. Paul Sarlo, (D-36), Wood-Ridge, and Joe Kyrillos, (R-13), Middletown, rolls back the gross receipts tax over a three-year period, a projected state revenue loss of $3.6 million in FY12, $7.2 million in FY13, and $10.8 million in FY14 and thereafter.
One of only two senators to vote against the measure, state Sen. Joe Vitale, (D-19), Woodbridge, said everyone wants a tax cut.
“We’re not lowering taxes for working families,” he said. “We see fit to cut taxes for medical professionals who are probably among the highest paid in the state…I think it’s the wrong tax to cut clearly at the wrong time.”
Examples of taxable procedures include cosmetic surgery, hair transplants, cosmetic injections, cosmetic soft tissue fillers, dermabrasion and chemical peel, laser hair removal, laser skin resurfacing, laser treatment of leg veins, sclerotherapy, and cosmetic dentistry.