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New Jersey Governor still OK after rate hike.

Posted by salestax on August 31, 2006

This article glosses over the other tax implications of this sales tax overhaul in the state.  I’m sure the 651 voters in the poll (talked about here) didn’t include the business community.  This measure increased the tax base, and increased the burden of those businesses in Urban Enterprise Zone who now have to track the tax paid on purchases up front, and apply for a refund at the end of the year – see the legislation here

And, how’d they get away with changing the tax in the middle of the month?  Aren’t they a part of the SSTP initiative as a full member state?  Didn’t they agree that tax rate changes would only happen once a quarter and there has to be sufficient notice to the taxpayers who are collecting and remitting the sales tax?

See all the Tax Legislation Changes on the New Jersey Divsion of Taxation Website:  http://www.state.nj.us/treasury/taxation/

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