Category: Business

New Jersey Sales and Use Tax Rate Reduction

The New Jersey Sales and Use Tax will be reduced in two phases between 2017 and 2018. As of January 1, 2017 the Sales and Use Tax rate has been reduced from 7% to 6.875% (P.L. 2016, c. 57). The tax rate will decrease to 6.625% on and after January 1, 2018. What does this […]