New Jersey
What's New
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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…
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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…
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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…
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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… -
ITEP Work in Action
July 21, 2017New Jersey Policy Perspectives: Trump Tax Plan: A Boon for the Wealthiest New Jerseyans
A federal tax package based on President Trump’s April outline would fail to deliver on its promise of mostly helping the middle class, instead showering most of its help to… -
blog
July 11, 2017State Rundown 7/11: Some Legislatures Get Long Holiday Weekends, Others Work Overtime
Illinois and New Jersey made national news earlier this month after resolving their contentious budget stalemates. But they weren’t the only states working through (and in some cases after) the…
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blog
June 28, 2017State Rundown 6/28: States Scramble to Finish Budgets Before July Deadlines
This week, several states attempt to wrap up their budget debates before new fiscal years (and holiday vacations) begin in July. Lawmakers reached at least short-term agreement on budgets in… -
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…
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 |
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| 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 |
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| Property Tax Features (2015) | |
|---|---|
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| 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