Ronald J. Cappuccio, J.D., LL.M. (Tax)

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NJ Ends Urban Enterprise Zones

| Nov 21, 2016 | nj, sales tax, urban enterprise zones

The New Jersey Division of Taxation announced the end of urban enterprise zones for sales tax:

  • Bridgeton
  • Camden
  • Newark
  • Plainfield
  • Trenton
The former 3% rate for these urban enterprise zones for sales tax will be changed to the full rate of 6.875% starting January 1, 2017. It is possible that the New Jersey legislature a change this position, but it was part of the negotiated deal by the legislature when it radically increased the New Jersey gasoline tax.

see: http://www.TaxEsq.com

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