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New Jersey does not charge sales tax on most unprepared foods, household paper products, medicine, and clothing. As of July 1, 2022 New Jersey Does not charge sales tax on medical cannabis. [6] New Jersey does not charge sales tax on gasoline, but gasoline is subject to a $0.418/gallon excise tax. [citation needed]
A top business lobbyist in New Jersey floated a sales tax increase as an alternative to the controversial corporate transit fee that Gov. Phil Murphy has proposed to help beleaguered NJ Transit ...
New Jersey does not charge sales tax on goods purchased for resale or on capital improvements but does charge sales tax on certain services. [160] 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 Jersey officials say revenues are on target as negotiations for the 2025 state budget begin. However, a sales tax increase could be considered.
For US federal income tax purposes, state and local taxes are defined in section 164(a) of the Internal Revenue Code as taxes paid to states and localities in the forms of: (i) real property taxes; (ii) personal property taxes; (iii) income, war profits, and excess profits taxes; and (iv) general sales taxes.
New Jersey Governor Phil Murphy delivers his State of the State address to a joint session of the Legislature gathered in the Assembly Chamber at the Statehouse in Trenton Tuesday, january 9, 2024.
A sales tax is a tax paid to a governing body for the sales of certain goods and services. ... This page was last edited on 16 November 2024, at 21:40 (UTC).
A bill moving through Trenton would eliminate state sales tax on strollers, car seats and cribs. Most baby gear is currently subject to 6.625% tax