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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]
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.
The Jake Honig Compassionate Use Medical Cannabis Act, nicknamed Jake's Law, was named after 7-year-old Jake Honig who died on January 21, 2018, in New Jersey from brain cancer. [1] Jake's Law expanded the state's medical marijuana program and was based on Jake's story. It was signed into law by Governor Phil Murphy on July 2, 2019. [2]
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 ...
Tax season is upon us, and if you haven’t filed your state and federal tax returns by now, you have less than a week to do so. In 2022, about 29% of tax returns were received by the IRS in the ...
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
Governor Jon Corzine [Picture taken during his term as U.S. Senator] Corzine, in attempting to pass his conceptual budget, came into conflict with fellow state Democrats in the New Jersey General Assembly, particularly over their refusal to implement his proposed increase of the state's sales tax from 6% to 7% [11] to fill a $4.5 billion budget gap.
Prices for electric vehicles start about $42,000 to $43,000, but there are state and federal incentives to buy electric vehicles and there is no sales tax in New Jersey, bringing the cost down to ...