NJ’s online sales tax law up for change

NJ SEED
Dec 17, 2024
1 min read

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

Recent Posts

See All

From the Governor's Office:

Statement by Governor Sherrill on 2026 Electricity Auction Results February 11, 2026 | nj.gov “Affordability is my top priority. I’ve heard from people across New Jersey that the cost of energy is too

At Least $250 Million Coming from Congress for NJ Local Projects

February 10, 2026 | njspotlightnews.org More than a quarter of a billion dollars for local New Jersey projects — requested by Republicans and Democrats alike — is cleared after Congress passed a serie

NJ Gets Electric Bill Break, With Charges to Change Little

February 12, 2026 | njspotlightnews.org Electric bills will remain largely unchanged for New Jersey residents this year, offering a reprieve from steep rate increases last year. Read More: Click Here