Category: New Jersey
New Jersey Lawmakers Tweak Property Tax Relief Programs
New Jersey Property Tax Programs Tweaked by Lawmakers Background: New Jersey Senate Bill 3693/Assembly Bill 4706 (the “Bill”) was signed into legislation by Gov. Phil Murphy on November 1, 2024.[1] The Bill focuses on implementing the new Stay NJ property tax relief program and impacts several other state property tax…
NEW JERSEY ELIMINATES SALES TAX EXEMPTION FOR ZERO EMISSION VEHICLES AND ANNUAL SCHOOL SUPPLY TAX HOLIDAY
New Jersey Sales Tax Exemption for Zero Emission Vehicles to be Phased Out. P.L. 2024, c. 19 phases out the New Jersey Sales and Use Tax exemption on sales of zero emission vehicles (ZEVs). The phaseout begins October 1, 2024 by imposing sales tax at the rate of 3.3125%, one-half…
New Jersey’s WARN Act Finally Takes Effect with Recent Amendments
New Jersey’s WARN Act Finally Takes Effect with Recent Amendments On January 10, 2023, Governor Murphy signed into law amendments to the Millville Dallas Airmotive Plant Job Loss Notification Act, more commonly known as NJ WARN or “mini-WARN Act.” The law as amended recently went into effect on April 10,…