NJ Ends 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.