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NJ Sales Tax Rate Decreases To 6.875% On January 1, 2017

Dec 09, 2016

Included in the legislation (P.L. 2016, Chapter 57) that increased New Jersey’s Gas Tax by $.23/gallon was a slight decrease in the State’s Sales Tax. Effective January 1, 2017 the New Jersey Sales Tax will be reduced from the current 7.0% to 6.875%.

Dealerships will want to make sure that their computers have been programmed to begin charging the lower Sales Tax rate on January 1.