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The state of New Jersey's sales and use tax rate is 6.625% effective January 1, 2018. [156] ... Motor vehicle sales are subject to a 6% purchase or use tax.
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]
The total deduction for state and local taxes, including vehicle sales tax, is capped at $10,000 per year. What Documents Do You Need for Your Vehicle’s Sales Tax Deduction?
Also subject to 6.25% state sales tax and varying local and municipal sales taxes. [10] Interstate carriers are subject to interstate motor fuel use higher taxes. [11] Indiana: 51.1: 54.00: Indiana has two taxes on gasoline — a 7% sales tax (that is calculated monthly) and a tax directed to infrastructure projects. [12] Iowa: 30.00: 32.50 ...
Admission to sporting events in New Jersey are subject to a 2% sports and entertainment facility tax rate in addition to the 6.625% sales tax rate, for a total rate of 8.625%.
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 ...
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents.
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