New Jersey
What's New
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blog
July 10, 2018Building on Momentum from Recent Years, 2018 Delivers Strengthened Tax Credits for Workers and Families
Despite some challenging tax policy debates, a number of which hinged on states’ responses to federal conformity, 2018 brought some positive developments for workers and their families. This post updates a mid-session trends…
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blog
May 22, 2018Most States Have Raised Gas Taxes in Recent Years
State tax policy can be a contentious topic, but in recent years there has been a remarkable level of agreement on one tax in particular: the gasoline tax. Increasingly, state…
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blog
May 21, 2018Debate Over New Jersey’s Millionaires and ITEP’s Data
New Jersey’s new governor, Phil Murphy campaigned on a promise to raise state income taxes on millionaires, a proposal that is supported by 70 percent of the state and was,…
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ITEP Work in Action
April 16, 2018New Jersey Policy Perspectives: Undocumented Immigrants Pay Taxes: County Breakdown of Taxes Paid
While undocumented immigrants in New Jersey now face greater threats from the federal government than ever before, new data at the state and county level released by the Institute on… -
ITEP Work in Action
January 25, 2018NJPP: A Grain of ‘SALT’: New Jersey Needs More Than Workarounds to Respond to GOP Tax Plan
That’s because these workarounds would disproportionately benefit the wealthiest households in New Jersey, to make no mention of the fact that the Trump administration is unlikely to allow them to… -
ITEP Work in Action
December 20, 2017New Jersey Policy Perspectives: Failure to Act on DACA and Dream Act Would Harm New Jersey’s Tax Revenues
There are 53,000 young immigrants who were potentially eligible for DACA that call New Jersey home. They have attended our public schools, graduated high school and many have enrolled in…
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blog
November 14, 2017House Tax Plan Offers an Exceptionally Bad Deal for California, New York, New Jersey, and Maryland
An ITEP analysis reveals that four states would see their residents pay more in aggregate federal personal income taxes under the House’s Tax Cuts and Jobs Act. While some individual… -
ITEP Work in Action
September 15, 2017New Jersey Policy Perspective: Reforming New Jersey’s Income Tax Would Help Build Shared Prosperity
Today, the most well-off New Jerseyans hold a greater share of the state’s income than they have in nearly a century, thanks to decades of unequal economic growth, creating an… -
ITEP Work in Action
September 12, 2017New Jersey Policy Perspective: Reforming New Jersey’s Income Tax Would Help Build Shared Prosperity
These reforms would also make New Jersey’s tax system more equitable, but it would not undo the tax code’s upside-down nature, in which low-income and middle-class New Jerseyans pay greater…
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 | |
|---|---|
| Range of Tax Rates | 1.4% - 8.97% |
| Standard Deduction |
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| Personal Exemption | $1,000 |
| Dependent Exemption | $1,500 |
| Earned Income Tax Credit (EITC) | 20% Refundable |
| Corporate Income Tax Features | |
|---|---|
| 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 | |
|---|---|
| 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 |
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| Property Tax Features | |
|---|---|
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| Other Tax & Revenue Features | |
|---|---|
| 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