Bill
Bill > A2002
NJ A2002
NJ A2002"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 taxes on imported goods. This disclosure must be made either on the price tag, online product pages, or the sales receipt, allowing consumers to understand how import taxes affect the cost of goods. Retailers are required to keep records of their tariff calculations, and wholesale trade firms and importers must provide necessary tariff information to those they supply. The Director of the Division of Consumer Affairs will oversee compliance through periodic audits and can impose fines for violations, though small businesses with less than $500,000 in annual sales and products with a negligible tariff impact (less than 2% of the final price) are exempt. The Director will also establish specific regulations for calculating and displaying this information, with a phased implementation period beginning six months after enactment, initially voluntary and then limited to larger retailers before full enforcement.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, Referred to Assembly Consumer Affairs 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/A2002 |
| BillText | https://pub.njleg.gov/Bills/2026/A2500/2002_I1.HTM |
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