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Bill > S466
NJ S466
NJ S466"Tariff Transparency Act"; requires disclosure of final retail price attributable to tariffs and other import taxes.
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
The bill requires retail establishments to disclose the portion of a product's retail price attributable to tariffs and trade-related import taxes. Tariffs directly impact retail prices but are rarely visible to the consumer. As trade policies shift, tariffs can become a hidden tax on households. The bill requires clear, standardized information available at the point of sale to help consumers make informed purchasing decisions. The bill requires retail establishments to disclose the percentage or dollar amount of the final price attributable to tariffs on either the price tag, online product pages, or sales receipt. Businesses are required to maintain documentation on the tariff calculations and are subject to periodic compliance audits and fines for noncompliance. Retail establishments with revenues below $500,000 in annual sales and products whose tariff-related pricing impact is negligible are exempt from the bill. The Director of the Division of Consumer Affairs in the Department of Law and Public Safety will develop regulations to effectuate the implementation of this bill.
AI Summary
This bill, known as the "Tariff Transparency Act," mandates that retail establishments clearly disclose to consumers the portion of a product's final retail price that is attributable to tariffs, which are duties or trade-related import taxes paid on imported goods. This disclosure is intended to help consumers understand how these import taxes affect the prices they pay, as tariffs can act as a hidden tax. Retailers must display this information either on price tags, online product pages, or sales receipts, and they are required to keep records of their tariff calculations. The Director of the Division of Consumer Affairs will establish specific regulations for how these calculations and disclosures should be made. Exemptions apply to retail establishments with less than $500,000 in annual sales and to products where the tariff's impact on the price is minimal (less than two percent). Wholesale trade firms and importers are also required to maintain records and provide necessary tariff information to retailers. The bill includes provisions for periodic audits to ensure compliance and sets fines for violations, with a phased-in implementation period.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Introduced in the Senate, Referred to Senate Commerce 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/S466 |
| BillText | https://pub.njleg.gov/Bills/2026/S0500/466_I1.HTM |
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