Bloomberg Tax
June 12, 2020, 4:21 PM

New Jersey’s Sales Tax Collections Dropped a Record 29% in May

Stacie Sherman
Stacie Sherman
Bloomberg News

New Jersey’s sales-tax collections dropped by a record 29% in May from a year earlier, a bigger decline than the worst month of the Great Recession, according to the state treasury department.

The number reflect April, the first full month of the coronavirus shutdown, as sales taxes report on a one-month lag.

To contact the reporter on this story:
Stacie Sherman in Princeton at

To contact the editors responsible for this story:
Flynn McRoberts at;
Rakshita Saluja at

© 2020 Bloomberg L.P. All rights reserved. Used with permission.

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

Learn About Bloomberg Tax

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.