New Jersey Implements Back-to-School Sales Tax Holiday

As part of New Jersey’s recently passed budget, the state enacted a back-to-school sales tax holiday. The sales tax holiday will run from August 27th through September 5th and the exemption will apply to school supplies, school art supplies, instructional materials, computers, and computer supplies such as printers. The sales tax holiday is intended to provide New Jersey taxpayers (and parents) with a bit of relief from recent inflationary pressures.

The New Jersey Division of Taxation established a webpage related to the upcoming sales tax holiday. Information on the sales tax holiday including definitions, limitations and FAQs can be viewed on the Division website.

If you have questions on New Jersey’s sales tax holiday or other SALT matters, please contact HBK’s SALT Advisory Group at hbksalt@hbkcpa.com.

About the Author(s)

Matt Dodge is a Senior Manager, State and Local Tax, HBK CPAs & Consultants. He has more than 20 years of experience in state and local tax (SALT) with a focus on sales and use tax. He has served clients in various industries, including construction, manufacturing, oil and gas, retail, service providers, and transportation. He can be reached by email at mdodge@hbkcpa.com.

Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.

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