If enacted, New Jersey would waive sales tax on some physical items bought for personal use, costing up to $3,000 each, during August’s third weekend each year.
If enacted, shoppers would skip state sales tax on physical items costing up to $3,000 each for personal use during August’s third weekend. Prepared food, alcohol, tobacco, vaping products, cannabis, and intoxicating hemp drinks would not qualify.
New Jersey would waive state sales and use tax on eligible retail purchases. The break would cover physical items bought by individuals for personal, nonbusiness use when each item costs $3,000 or less. Prepared food, alcohol, tobacco products, vaping products, cannabis items, and intoxicating hemp drinks would not qualify for the tax break. The break would cover sales from 12:01 a.m. Saturday through 11:59 p.m. Sunday on August’s third weekend each year, starting with a weekend at least 30 days after the bill becomes law.
No hearings or votes scheduled.