New Jersey state sales tax to drop in 2018
- Sales Tax Rate Changes
- Dec 22, 2017 | Gail Cole
As part of an ongoing plan to offset 2016 and 2017 fuel tax rate increases New Jersey is dropping the state sales tax rate to 6.625 percent as of Jan. 1, 2018. It’s the second state sales tax rate decrease since late 2016.
The New Jersey Division of Taxation reminds businesses to make all necessary changes to their point of sale systems by January 1 “to make sure they’re charging the correct amount of New Jersey sales tax.” It adds that the rate change does not affect the taxability of any products or services. “What was taxable before is still taxable, just at the new, lower rate.”
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