On June 22, Governor Phil Murphy, Senate President Nicholas Scutari and Assembly Speaker Craig Coughlin announced that they have reached an agreement on a back-to-school sales tax holiday. The plan is part of the Year 2023 Budget.
The sales tax holiday which will take place from Aug. 27 to Sept. 5, 2022 and will treat various supplies and equipment as tax exempt, including:
- School supplies, such as pens and pencils, notebooks and binders
- School art supplies, such as paints and paintbrushes, clay and glazes
- School computer supplies, such as computer storage equipment, printers and personal digital assistants
- School instructional materials, such as reference books, reference maps, globes, textbooks and workbooks
- Computers
Read more helpful Tax News here.
Learn more about our Tax Planning & Compliance Services here.
