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Jan 15, 2024 · Posted on January 15th, 2024 in - 0 Comments. (Trenton, New Jersey) – The New Jersey legislature has passed a bill to become the 44rd state in the country to end sales taxes on the purchase of physical gold and silver, pending action by Gov. Phil Murphy. Assembly Bill 5294, sponsored by Majority Leader Asm. Louis Greenwald (D-6), Asw.
Mar 13, 2018 · Here are six things to know about New Jersey’s sales tax numbers: 1. The first sales tax was proposed under Gov. Robert Meyner. 2. Gov. Tom Kean raised the sales tax from 5% to 6% in 1982. 3. Gov. Jim Florio raised it from 6% to 7% in 1990. 4. The Republican-controlled legislature rolled back the sales tax from 7% to 6% in 1992. 5. Gov.
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Jan 18, 2024 · New Jersey does not assess a sales tax on the purchase of stocks, bonds, ETFs, real estate, currencies, and other financial instruments. Taxing precious metals is harmful to smalltime savers. Purchasers of precious metals aren't usually fat-cat investors.
Jul 4, 2023 · July 4th, 2023 · Comments · Print. In a historic move, the New Jersey Assembly has unanimously voted to eliminate the sales tax on physical gold and silver. Assembly Bill A5294 exempts precious metals purchases over $1,000 from state sales taxes, aligning New Jersey with the majority of states that have already ended this regressive tax.
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Coming Early 2025: Major Upgrades to the NJ Tax-Filing System. The New Jersey Division of Taxation has begun a multi-phased modernization of its tax-filing system. In early 2025, Sales and Use Tax filers and tax preparers will experience a convenient way to interact with New Jersey's tax-filing system via a new taxpayer portal. Learn More.
New Jersey’s Sales and Use Tax (SUT). The sales tax rate in calendar years 2018 through 2021 was 6.625%, and the SUT imposed in Urban Enterprise Zones (UEZ) and Salem
Jan 17, 2024 · The Governor’s decision is based on projected state tax revenue shortfall of $4 to $7 million if the sales and use taxes on investment coins and precious metal bullion are abolished. The...
