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The New Jersey Sales and Use Tax Act imposes a tax on the receipts from every retail sale of tangible personal property, specified digital products, and the sale of certain services, except as otherwise provided in the Act.
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A motor vehicle lease is subject to Sales Tax unless a valid exemption applies. The person who leases the motor vehicle from the dealership (the lessee) is responsible for paying Sales Tax on the transaction. The dealership (the lessor) is responsible for collecting and remitting the Sales Tax to New Jersey. 18.
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Oct 1, 2024 · New Jersey assesses a 6.625% Sales Tax on sales of most tangible personal property, specified digital products, and certain services unless specifically exempt under New Jersey law.
According to NJ.com, the state assesses a 6.625 percent sales tax on the purchase price of any used or new vehicle. To calculate how much sales tax you'll owe, simply multiple the vehicle's price...
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New Jersey collects a 7% state sales tax rate on the purchase of all vehicles. In addition to taxes, car purchases in New Jersey may be subject to other fees like registration, title, and plate fees. You can find these fees further down on the page.
Apr 9, 2024 · New Jersey charges a 6.625% car sales tax on new or used vehicle purchases. NJ charges tax according to the price of the car after trade-ins are applied but before incentives or rebates. There is no county car sales tax in New Jersey. The average documentation fee in NJ is $335.
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This bulletin has been designed as a guide to New Jersey sales tax and the taxability of cer-tain items and services sold at retail. The lists of taxable and exempt items given throughout this publication are not meant to be all-inclusive.