Posted July 07, 2019 09:25:51 In New Jersey, summer electronics tax-exempt sales are exempt from the state sales tax and can be made online or in person.
That means you can save up to $1,000 a year.
However, if you’re shopping for a new or used electronic item that’s not listed on your state’s electronic sales tax list, you’re still required to pay the full amount of the sales tax.
The state is considering a bill to exempt all electronic items made with electronics in order to cut taxes for New Jersey consumers.
It would take effect in 2020.
The measure, sponsored by Assemblyman Joe DiManno (D-Bergen), would also add a new category to the electronic sales list, meaning it would be exempt from state sales taxes on the entire product and not just electronics.
It’s one of several bills in the legislature aimed at helping consumers save money on summer electronics purchases.
DiManna’s bill is similar to legislation proposed by Assembly Speaker John Wisniewski (R-Union) in the past, and it would apply to sales at retailers that sell electronic goods.
The bill also would add a $50,000 tax exemption for new purchases of electronic items and a $100,000 exemption for older electronic items.
It comes on the heels of a similar measure by Wisnowsky last month, which would exempt sales of the popular Sony PlayStation 3 and PlayStation 4 consoles from sales tax in New Jersey.
The tax exemption would apply only to sales of items sold to consumers, such as digital games, and not to purchases of other products that are not included in New York state’s sales tax exempt list.