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 firstname.lastname@example.org.