New JerseyNew Jersey would waive sales tax on personal Thanksgiving week purchases
People buying goods for personal, nonbusiness use would pay no state sales tax during Thanksgiving week each year, starting with a week at least 30 days after enactment.
What it does
People would pay no state sales tax on goods bought for personal, nonbusiness use during Thanksgiving week each year, starting with a holiday week at least 30 days after enactment.
Argument forPeople buying goods for personal use during Thanksgiving week could save the state sales tax on those purchases.
Argument againstThe state could collect less tax during Thanksgiving week because shoppers would pay no sales tax on eligible goods.
More detail
New Jersey would exempt eligible purchases from state sales and use tax. It covers goods individuals buy for personal, nonbusiness use. The exemption would run from 12:01 a.m. on the Sunday before Thanksgiving through 11:59 p.m. on the following Saturday. It would first apply to a holiday week at least 30 days after enactment.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 15Introduced in the Senate, Referred to Senate Economic Growth CommitteeIntroduced
Taxes & Budget