NJ Tax Stop: Indirect Sales Tax Assessment Methods

Law360 (June 17, 2019, 5:14 PM EDT) -- New Jersey’s sales tax rate is one of the highest state-levied sales tax rates in the country and generates a significant portion of the state’s revenue each year. Since Jan. 1, 2018, the sales tax rate has been 6.625%.[1] Sales tax brought New Jersey more than $9.6 billion in fiscal year 2018[2] and New Jersey Gov. Phil Murphy’s proposed budget estimates that it will grow to $11.2 billion in fiscal year 2020.[3] According to his proposed budget, sales tax represents the second largest source of revenue in the state at 28% (after income tax at approximately 40%).[4]

It is no wonder...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS