New Jersey
What's New
-
blog
May 31, 2017State Rundown 5/31: Budget Woes Spurring Special Legislative Sessions
This week, special legislative sessions featuring tax and budget debates are underway or in the works in Kentucky, Minnesota, New Mexico, and West Virginia, as lawmakers are also running up…
-
blog
May 18, 2017State Rundown 5/18: Tax Debate Heat Wave Hitting States
This week saw tax debates heat up in many states. Late-session discovered revenue shortfalls, for example, are creating friction in Delaware, New Jersey, and Oklahoma, while special sessions featuring tax…
-
ITEP Work in Action
April 25, 2017New Jersey Policy Perspectives: DACA-Eligible New Jerseyans Pay $66 Million a Year in Taxes
New Jersey’s young immigrants eligible for DACA (Deferred Action for Childhood Arrivals) contribute $66 million in state and local taxes each year, the seventh highest level of all the states.…
-
ITEP Work in Action
April 3, 2017New Jersey Policy Perspectives: Undocumented Residents Pay $587 Million a Year in NJ Taxes
New Jersey’s undocumented immigrants contribute $587 million in state and local taxes, the sixth highest level of all the states. And those contributions would increase by $73 million – the… -
ITEP Work in Action
October 4, 2016New Jersey Policy Perspectives: Transportation-Funding Deal Endangers New Jersey’s Future & Fails the ‘Tax Fairness’ Test
After a months-long stalemate, New Jersey’s three most powerful policymakers announced late last Friday that they’d come to an agreement on investing in the state’s transportation networks. As part of… -
ITEP Work in Action
October 21, 2015New Jersey Policy Perspective: Executive Actions on Immigration Would Help Many New Jerseyans While Boosting the Economy
President Obama’s 2014 executive actions on immigration would benefit hundreds of thousands of New Jerseyans and provide a boost to the state’s economy by allowing many undocumented residents to work…
-
ITEP Work in Action
October 21, 2015New Jersey Policy Perspective: Levied on Very Few, New Jersey’s Estate and Inheritance Taxes Support Colleges, Health Care & Other Services
An effort by some lawmakers to eliminate or drastically cut taxes for a small number of New Jerseyans – a move that would deliver the greatest benefit to the state’s… -
ITEP Work in Action
June 29, 2015New Jersey Policy Perspective: Increasing the EITC Would Boost New Jersey’s Working Families
Increasing New Jersey’s Earned Income Tax Credit (EITC) to 30 percent from 20 percent of the federal EITC would provide over half a million New Jersey working families with a… -
ITEP Work in Action
April 29, 2015New Jersey Policy Perspective: Failure to Address Gas Tax Costs New Jersey Over Half a Billion Dollars a Year
New Jersey is losing out on over $500 million each year by not tying increases in transportation construction costs to increases in gas tax rates, a new national report finds.…
Related Resources
ITEP Publications about New Jersey
Reports about New Jersey using ITEP data
All items referencing New Jersey
By the Numbers
| Personal Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | 1.4% - 8.97% |
| Standard Deduction |
|
| Personal Exemption | $1,000 |
| Dependent Exemption | $1,500 |
| Earned Income Tax Credit (EITC) | 20% Refundable |
| Corporate Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | N/A |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 9.00% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | No |
| Apportionment Factor (Sales) | 0% |
| Sales Tax Features (2015) | |
|---|---|
| State Sales Tax Rate | 7.00% |
| Average Local Sales Tax Rate | N/A |
| Average Combined State & Local Sales Tax Rate | 7.00% |
| State Sales Tax Treatment of Groceries | Exempt |
| Local Sales Tax Treatment of Groceries | N/A |
| Number of Services Taxed | 11 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | Full |
|
|
|
| Property Tax Features (2015) | |
|---|---|
|
|
| Other Tax & Revenue Features (2015) | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.145 |
| Diesel Tax Rate (per gallon) | $0.175 |
| Cigarette Tax Rate (per pack) | $2.70 |
| Estate or Inheritance Tax | Yes |
| Net Lottery Sales Per Capita | $280 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes, but excludes at least one major tax |
| Tax Incidence Analysis Capability | Personal income tax only |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- New Jersey Legislature - Office of Legislative Services - Revenue Snapshot
- New Jersey Legislature - Office of Legislative Services - Legislative Budget & Finance Office
- New Jersey Department of the Treasury - Division of Taxation - Publications
- New Jersey Department of the Treasury - Office of Management and Budget
Tax Expenditure Reports
State Statutes & Legislation
State Tax Forms
- New Jersey Department of the Treasury - Division of Taxation - Income Tax Returns
- New Jersey Department of the Treasury - Division of Taxation - Property Tax Programs