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%, effective January 1, 2026. It also adjusts related taxes, such as the hotel and motel occupancy fee and certain municipal taxes, to account for this change when they are combined with the sales and use tax. The bill clarifies how the tax rate applies to goods or services that span the date the rate change takes effect, ensuring the correct rate is applied to transactions that cross this threshold.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development 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/A2702 |
| BillText | https://pub.njleg.gov/Bills/2026/A3000/2702_I1.HTM |
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