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Posted Fri, Jul 21, 2023 at 3:48 pm ET. (Shutterstock) NEW JERSEY — Aug. 26 through Sept. 6 is the time to save money on back-to-school items during the Garden State’s sales tax holiday. New ...
New Jersey has a 6.625% state sales tax, which was cut in steps from the previous rate of 7%. All revenues are deposited in the State Treasury for general state use; nothing goes to municipalities. In urban enterprise zones , the state sales tax is cut in half to encourage economic development, resulting in an effective tax rate of 3.3125%.
Find out what's happening in Across New Jersey with free, real-time updates from Patch. The fiscal estimate for the tax holiday is $75 million, according to the Murphy administration. The ...
Posted Fri, Aug 19, 2022 at 3:35 pm ET. New Jersey’s sales tax holiday is from Aug. 27 until Sept. 5. Find out how much you can save before the kids go back to school this year. (Shutterstock)
New Jersey officials say revenues are on target as negotiations for the 2025 state budget begin. However, a sales tax increase could be considered. With state revenues 'on target,' questions ...
New Jersey does not charge sales tax on goods purchased for resale or on capital improvements but does charge sales tax on certain services. New Jersey does not charge sales tax on gas, however, that is subject to a $0.375/gallon excise tax. Cigarettes are subject to a $2.70/pack excise tax, in addition to sales tax. New Mexico
For instance, the New Jersey sales tax rate is 6.625% statewide, but businesses in one of the state's 32 UEZs are allowed to charge half that -- just 3.3125%. Shutterstock.com.
Tax Hike Approved In Newark; City Council Passes 2023 Budgetpatch.com- Bitter Struggle Over New Jersey Corporate Business Tax Heats Uppatch.com
- Taxes 2023: Here are the biggest tax changes this yearaol.com
- Tax Day 2023: Here are your options if you can’t pay your tax billaol.com
Murphy plans to raise at least $1.3 billion in new revenue from taxes and closing loopholes for the $37.4 billion budget, saying he wants the state sales tax raised back to 7 percent.
New Jersey Gov. Phil Murphy signed a bill into law this week that cuts the sales tax in five towns, bringing back a program to municipalities that was nixed last year by ex-Gov. Chris Christie ...
The new tax rate became effective on July 1, according to the New Jersey Cannabis Regulatory Commission (NJCRC). “As the sales tax has been phased out from 4 percent to 2 percent – and now to ...