And in established Urban Enterprise Zones, qualified businesses with a UZ-2 certificate may charge sales tax at half the regular rate on certain sales.Īs a business owner selling taxable goods or services, you act as an agent of the state of New Jersey by collecting tax from purchasers and passing it along to the appropriate tax authority. New Jersey does not generally allow the imposition of local sales tax, although certain locations may impose special luxury or tourism sales taxes. It was reinstituted at 3 percent in 1966, and since that time, the base sales tax rate has risen to 6.625 percent. New Jersey first adopted a general state sales tax in 1935 at a rate of 2 percent, but it was quickly repealed. Sales tax is a tax paid to a governing body (state or local) on the sale of certain goods and services.
0 Comments
Leave a Reply. |