New Jersey Tax Division Announces Repealing Annual Sales Tax Holiday

The New Jersey Division of Taxation July 2 announced repealing the annual sales tax holiday. The announcement provides the law that repeals the provision establishing an annual sales tax holiday for certain retail sales of computers, school supplies, and sports or recreational equipment when sold to an individual purchaser for non-business use. [N.J. Div. of Tax’n, Repeal of Annual Sales Tax Holiday, 07/02/24]

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