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On August 16, 2022, President Biden signed the Inflation Reduction Act into law, which changed the requirements for the EV tax credit. The following details how the new legislation impacts transactions between when the legislation passed and was signed by President Biden, the period from August 16 to December 31,...

Today, Gov. Phil Murphy signed Executive Order 302, lifting the requirement that school districts, childcare settings, and state contractors maintain a policy requiring their unvaccinated workers undergo routine testing. The testing requirements for school districts, childcare settings, and state contractors were directives from Executives Orders 253, 264 and 271, respectively. School...

On August 7, 2022, the U.S. Senate passed the “Inflation Reduction Act” which includes new rules for EV and PHEV tax credits. The House passed the bill yesterday and it now heads to President Biden for his signature next week. The new bill includes a requirement mandating that to qualify...

The New Jersey Motor Vehicle Commission (NJMVC) has informed NJ CAR that renewal applications for Full Service Auto Body Shops and New Car Dealer Sublet Body Shops have recently been sent to all applicable license holders. Current...

It recently became necessary for NJ CAR to seek an opinion from the New Jersey Division of Taxation concerning the taxability of add-on items during an EV sale. The opinion NJ CAR received has confirmed our understanding of the treatment of add-on items and the treatment of documentary fees...

This guide establishes the process for dealerships and showrooms to submit applications for eligible vehicles that have been ordered on or after July 25th, 2022 and have yet to be delivered. Applications must be submitted within 14 days of order to reserve funds. Upon delivery, dealerships and showrooms have...