N.J. to Suspend Sales Tax Temporarily on Back-to-School Supplies

June 22, 2022, 4:53 PM UTC

New Jersey will suspend sales-tax collections for 10 days on back-to-school purchases, saving buyers about $75 million, Governor Phil Murphy said.

The discount, which will be in effect from Aug. 27 to Sept. 5, will apply to basic goods as well as higher-priced items such as computers, the governor said Wednesday in Red Bank, where he was flanked by fellow Democrats from the legislature.

The deal will benefit far more people than school shoppers because “you don’t have to show your school ID,” Murphy said. New Jersey’s retail sales tax is 6.625%.

The announcement followed Murphy’s promise last week of ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.