HomeFinanceN.J. sales tax will shrink a little in 2018, state says

N.J. sales tax will shrink a little in 2018, state says

New Jersey’s sales tax will go down in the new year, according to the state Division of Taxation.

The rate will decrease slightly, from 6.875 percent to 6.625 percent.

This will include a reduction in Atlantic City’s luxury tax, from 12.875 percent to 12.625 percent, reflecting the state tax reduction. Tax on alcoholic beverages will also decrease, from 9.875 percent to 9.625 percent.

Cape May County’s tourism tax will see a similar reduction, from 8.875 percent to 8.625 percent.

Taxes for Urban Enterprise Zones, where businesses collect half of the sales tax, will now be 3.3125 percent. The same will apply to sales taxes on boat and other vessels, and Salem County’s sales tax.

For more information, call the Division of Taxation’s Customer Service Center at 609-292-6400. It is open Monday from 8:30 a.m. to 5:30 p.m. and Tuesday through Friday from 8:30 a.m. to 4:30 p.m., except state holidays.

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