NJ Tax Stop: Indirect Sales Tax Assessment Methods

By Reuben Muller, Geoffrey Weinstein and Juliya Ismailov (June 17, 2019, 5:14 PM EDT) -- New Jersey's sales tax rate is one of the highest state-levied sales tax rates in the country and generates a significant portion of the state's revenue each year. Since Jan. 1, 2018, the sales tax rate has been 6.625%.[1] Sales tax brought New Jersey more than $9.6 billion in fiscal year 2018[2] and New Jersey Gov. Phil Murphy's proposed budget estimates that it will grow to $11.2 billion in fiscal year 2020.[3] According to his proposed budget, sales tax represents the second largest source of revenue in the state at 28% (after income tax at approximately 40%).[4]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!