Mr. Bigdeal

Another New Tax starts today in NJ........

Rate this topic

24 posts in this topic

 

 

Bad enough, this Governor uses our tax dollars to fight the President.....then this....an Online sales tax begins today for venders to collect.....right before the holidays.

Edited by Mr. Bigdeal

Share this post


Link to post
Share on other sites

Another New NJ Tax Hike Starts Now – And It's A Big One

 

And now you're going to have to dig even deeper into your pocket on Thursday if you live in New Jersey.

 

A sales tax imposed on online retail purchases went into effect on Nov. 1. The new law (A-4496) will require certain remote sellers and online marketplace businesses to collect and remit sales tax. New Jersey has a 6.625 percent state sales tax.

 

That means you're going to have to pay more for those Amazon purchases that were always a little cheaper than what you would have spent at the mall.

 

Under the law, a seller must collect taxes if it does not have a physical presence in New Jersey but has revenue from sales in the state during the calendar year, or prior year, in excess of $100,000, according to lawmakers.

 

The same rule will apply to a seller with 200 or more separate transactions in the state during a calendar year or in the prior year.

 

The tax legislation, sponsored by Assemblymen John Burzichelli and Paul Moriarty, is intended to ensure a "level playing field" between brick-and-mortar businesses and online marketplace providers like Amazon. The lawmakers say it will also bring in needed revenue to the state.

 

"This will help provide parity among brick-and-mortar businesses and online marketplaces and provide the state with needed revenue," said Burzichelli, D-Cumberland/Gloucester/Salem. "Online marketplaces have made it easier for interstate and international commerce, allowing many businesses to circumvent state sales tax requirements. New Jersey based businesses have to abide by the sales and use tax law, and so should any company who does substantial business in the state."

 

New Jersey could gain between $216 million and $351 million as a result of this legislation — about 2 to 4 percent of total 2016 state and local government general sales and gross receipts tax revenues — according to the United States Government Accountability Office (GAO) study in November 2017.

 

Forty-five states and the District of Columbia levy taxes on the sale of goods and certain services, including those sold remotely, such as over the Internet, according to the lawmakers.

 

These provisions of the law reflect the recent decision of the United States Supreme Court in South Dakota v. Wayfair, Inc., in which the court determined that having a physical presence within a state was not a prerequisite for the collection of sales tax on purchases of tangible personal property.

 

In that case, the court held that imposing sales tax on a seller that delivers more than $100,000 worth of sales into a state or delivers 200 or more separate transactions into a state has a sufficient nexus with the state for the state to impose tax on the seller.

 

"The fact that they are not physically located in New Jersey should not exempt a business from sales tax and use requirements," said Moriarty, D- Camden/Gloucester. "These businesses should play by the same rules as other NJ businesses who pay property taxes, local taxes and make an investment in the communities they're in."

 

The bill was approved 43-35 by the Assembly and 23-14 by the Senate on Sept. 27. Murphy signed the bill into law soon afterward.

 

The hike comes after a tax on e-cigarettes and airbnbs took effect last month. Also, the gas tax was hiked 4.3 cents in October, according to the state Department of Treasury. Lower fuel consumption over the last two years necessitated the hike, state officials said.

 

What triggered the gas tax hike is a little-talked-about provision in the recent 23 cent gas-tax increase that could either hike, reduce or keep the gas tax the same based on consumption. The change depends on how much of the tax has been collected over the past year to fund the Transportation Trust Fund, which pays for important and emergency road projects.

Share this post


Link to post
Share on other sites

How are they going to enforce it ?

If I were a seller in South Dakota and got a bill from the Peoples Republic of NJ I'd tell em to go scratch 

Share this post


Link to post
Share on other sites
5 mins ago, Sudsy said:

How are they going to enforce it ?

If I were a seller in South Dakota and got a bill from the Peoples Republic of NJ I'd tell em to go scratch 

The expect you to register. :dismay:  NJ is not the only state, there are a bunch of others.

Share this post


Link to post
Share on other sites

Well i guess it can be marked as the first time in history a liberal politician kept his promise.....he is raising our taxes...and people voted for him campaigning just that.

Share this post


Link to post
Share on other sites

Thats 

5 hours ago, Baccigalup said:

Well i guess it can be marked as the first time in history a liberal politician kept his promise.....he is raising our taxes...and people voted for him campaigning just that.

Thats because most of the people who voted for him don't really pay taxes.

Share this post


Link to post
Share on other sites

we've been paying sales tax for some online purchases in Mass for a couple of years now... any business that has a physical presence in the state I believe... 

Share this post


Link to post
Share on other sites
1 hour ago, FishinMortician said:

Yeah team!!!!!

 

I think this is wonderful. What a great idea. I bet the people in NJ that don’t like it will blame Trump.

 

 

Yep. It is totally trumps fault that christie sucked so bad  as our governer that guadamo lost the election to murphy.

Share this post


Link to post
Share on other sites

nj is so poorly run and sadly both parties continue to ruin it-there is no viable options here-there is also a lodging tax on home rentals too-if you rent a home from vrbo etc... you will see most now charging the tax

 

one would think with all of the tax revenue that NJ would be a smooth running machine which we all know it is not.

 

I support state workers and the jobs they do but the pension and sick pay  etc...is crazy as is the vast number of jobs that should be eliminated-

 

the answer move out of NJ-I will when I am old or deal spending more and more of your money on taxes

 

 

Share this post


Link to post
Share on other sites
4 hours ago, Maine Guide said:

It takes a lot of money to keep the streets clean and safe, and drug free.

It sure does. Nothing like the clean streets of San Francisco.

Share this post


Link to post
Share on other sites
1 hour ago, superstriper said:

the answer move out of NJ-I will when I am old or deal spending more and more of your money on taxes

 

 

That has been going on for some time.  And is well on its way to making everywhere else just like NJ.  

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.