“Hefty” Tax Hike Coming To 5 NJ Towns
A sales tax cut was part of a bargain to raise the state's gas tax 23 cents. But five towns won't be able to enjoy that — in fact, things are about to get much worse for shoppers and businesses in those communities.
When the NJ gas tax spiked by 23 cents per gallon, part of the deal was to include a sales tax cut. Legislation was on the table, but Governor Christie didn't sign off on it.
Five towns in NJ will see their sales tax jump from 3.5 percent to 6.875 percent, which matches the rest of the state. Bridgeton, Camden, Newark, Plainfield & Trenton all had lowered sales tax to entice shoppers, but now those towns will have to deal with the hike.
Those five towns were the first in NJ to offer the sales-tax break after the UEZ program debuted in 1986. The program has expanded to 32 designated enterprise zones in 37 municipalities, with approximately 6,800 private businesses, so many of those could face a similar hike in the near future.
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