Taxation in New Jersey: Difference between revisions

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m Changed "unprepared food" to "most unprepared foods" as NJ does charge tax on unprepared foods such as candy, soft drinks, etc.
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In [[urban enterprise zone]]s, the state sales tax is cut in half to encourage economic development, resulting in an effective tax rate of 3.3125%. A full list of urban enterprise zones is available on the State of New Jersey website.<ref>[http://www.state.nj.us/dca/affiliates/uez/coordinators/Local_Zone_Support.pdf]</ref>{{Failed verification|date=May 2019}}
 
New Jersey does not charge sales tax on most unprepared foodfoods, household paper products, medicine, and clothing. However, medical cannabis and fur clothing are subject to sales tax. New Jersey does not charge sales tax on gasoline, but gasoline is subject to a $0.418/gallon [[excise tax in the United States|excise tax]].{{Citation needed|date=May 2019}}
 
Cigarettes are subject to a $2.70/per pack excise tax in addition to sales tax.{{Citation needed|date=May 2019}}