summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill decreases the rate of the sales and use tax from 6.625 percent to 6 percent beginning on January 1, 2026. The bill also amends tax rates relative to the hotel and motel occupancy fee, as well as certain retail sales for which a municipality may levy additional taxes, in order to account for the decreased sales and use tax rate when either of these local taxes, plus the sales and use tax, are jointly levied. Additionally, the bill specifies the sale and use tax rate to be paid during instances in which the provision of goods or services extends over the date on which the rate changes become effective.
AI Summary
This bill lowers the state's sales and use tax rate from 6.625% to 6% starting January 1, 2026. It also adjusts related taxes, such as the hotel and motel occupancy fee and certain municipal taxes, to account for this decrease when they are levied alongside the state sales and use tax. The bill also clarifies how the tax rate applies to goods or services that span the date the rate change becomes effective, ensuring the correct rate is applied to the portion of the transaction occurring before and after the change.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S2466 |
| BillText | https://pub.njleg.gov/Bills/2026/S2500/2466_I1.HTM |
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