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Re: Need Explanation of 3% tax applicable in Jersey City
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Just can't stay away
 
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The 3% tax does not apply to motor vehicles or telecommunication equipment. These items are taxed at 6%, (maybe 7% tomorrow). In order to buy something at the 3% rate, you must walk into the store and order the goods and or services offered at that rate, otherwise the tax is 6%. The idea is to have people come into the zone and buy things, not just call and take advantage of the cheaper rate.
Posted on: 2006/7/4 15:35
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Re: Need Explanation of 3% tax applicable in Jersey City
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Just can't stay away
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Unfortunately, it doesn't seem like too many internet forums are immune from this.. sigh.
Thanks for the very specific clarification, mark.
Posted on: 2006/7/4 15:22
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Re: Need Explanation of 3% tax applicable in Jersey City
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Home away from home
 
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Quote:
devbeep wrote: Is the JCList motto "we don't know how google works" or what? Less than three minutes into a search, we find: This: "New Jersey has a 6% state sales tax. This is split as 3% for the State, and 3% for the municipality. Several municipalities, such as Elizabeth, Jersey City, and Mount Holly do not collect the city portion of the sales tax (as an incentive to lure shoppers), resulting in an effective 3% sales tax rate." In addition, " UEZ Member retailers are allowed to charge 3 percent sales tax, which they are able to announce in their advertisements. All member businesses are also allowed to make purchases that are utilized for their business at their business tax-free. Non-retailers are able to apply for tax credits for new hires, as well as unemployment insurance-based awards. So, it depends on the whether or not the retailer chooses to participate in the City Urban Enterprise Zone program, which is free. come on people..   
Posted on: 2006/7/4 15:13
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Re: Need Explanation of 3% tax applicable in Jersey City
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Just can't stay away
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2005/10/5 21:01 Last Login : 2014/9/26 20:59 From 240 Newark Avenue
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The program is free, yes, but it's complicated. To give up that 3% the state makes you jump through some hoops. To qualify a business must have at least one part-time and one full-time employee, both of whom must be Jersey city residents. Also, the required number of employees (who must be Jersey City residents) increases at least for the first year or two, so if you dont hire more people you lose it. There's also a lot more paperwork involved in filing taxes. I'd love to offer 3% but I don't have enough employees to qualify.  Mark.
Posted on: 2006/7/4 14:44
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www.JerseyCityMusic.com
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Re: Need Explanation of 3% tax applicable in Jersey City
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Just can't stay away
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Is the JCList motto "we don't know how google works" or what?
Less than three minutes into a search, we find:
This: "New Jersey has a 6% state sales tax. This is split as 3% for the State, and 3% for the municipality. Several municipalities, such as Elizabeth, Jersey City, and Mount Holly do not collect the city portion of the sales tax (as an incentive to lure shoppers), resulting in an effective 3% sales tax rate."
In addition, " UEZ Member retailers are allowed to charge 3 percent sales tax, which they are able to announce in their advertisements. All member businesses are also allowed to make purchases that are utilized for their business at their business tax-free. Non-retailers are able to apply for tax credits for new hires, as well as unemployment insurance-based awards.
So, it depends on the whether or not the retailer chooses to participate in the City Urban Enterprise Zone program, which is free.
come on people..
Posted on: 2006/7/4 14:26
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Need Explanation of 3% tax applicable in Jersey City
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Newbie
 
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Im not familiar with the NJ tax code..but understand that Jersey City has 3% tax on many items. Does this also apply
to large purchases..ie. cars, boats, RVs etc. If so, why dont dealers advertise this fact. Any info, helpful.
Posted on: 2006/7/4 14:07
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