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New Jersey has a 6.625% state sales tax, ... but greater than $50,000 pay a rate of 7.5% and companies with incomes of $50,000 or less pay a rate of 6.5%. [2]
New Jersey does not charge sales tax on goods purchased for resale or on capital improvements but does charge sales tax on certain services. [158] 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: 140,258,435 New Mexico: 9,270,398 ... State taxes: State tax levels in the United States ... State income tax; Sales taxes in the United States; General:
New Jersey officials say revenues are on target as negotiations for the 2025 state budget begin. However, a sales tax increase could be considered.
Currently, the state sales tax sits at 6.625%, where it has been since 2016 after a deal with then-Gov. Chris Christie to finance the state’s Transportation Trust Fund. It was previously 7%.
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
New Jersey: $3,208: $3,106: $1,730: ... The determination is made by looking at an individual state's balance of payments ... Sales taxes in the United States; State ...
It includes an annual 2-cent rise in the gas tax and a new registration fee for zero-emission vehicles to help fund state road projects and NJ ... sales tax exemption on electric vehicles, this ...