December 10, 2024 | njspotlightnews.org
Credit: Image by Gerd Altmann from Pixabay
New Jersey’s 6.625% sales tax is the largest individual source of revenue for the state budget’s General Fund, with nearly $13.8 billion in collections forecast for the current fiscal year.
Under a law enacted in 2018, remote sellers and online marketplaces selling products to New Jersey residents must collect sales taxes after 200 or more separate transactions involving state residents in a calendar year, or when gross revenue from New Jersey-based sales exceeds $100,000 annually.
Read More: Click Here
Comments