Kids goods

Murphy, Senate Speaker Scutari and Assembly Speaker Coughlin announce back-to-school sales tax holiday

Governor Phil Murphy, Senate Speaker Nicholas Scutari and Assembly Speaker Craig Coughlin announced today that they have reached an agreement on a back-to-school sales tax holiday as part of the fiscal year 2023. The sales tax exemption will be historic for the state, building on Governor Murphy’s promise to make New Jersey more affordable. The back-to-school sales tax exemption builds on the $2 billion ANCHOR property tax relief program announced last week and other accessibility measures the governor expects to be seen in the adopted budget.

“Today marks another monumental step in my administration’s commitment to making New Jersey a stronger, fairer, and more affordable state for our residents,” Governor Murphy said. “A back-to-school tax holiday has long been talked about, and with inflation a central concern around the kitchen table for many of our residents, now is the time to do it. This program will reduce the cost of the most essential items needed for academic success and help make New Jersey more affordable for our students and families.

The sales tax exemption will take place from August 27 to September 5. Under the sales tax exemption, tax-exempt supplies and equipment include: (1) school supplies, such as pens and pencils, notebooks, and binders; (2) school art supplies, such as paints and brushes, clay and glazes; (3) school learning materials, such as reference books, reference maps, globes, textbooks, and workbooks; (4) computers; and (5) school computer supplies, such as computer storage equipment, printers, and personal digital assistants.

“This tax exemption for school products may not make children look forward to school, but it will certainly make parents happier when they buy the goods they need to bring their children before the end of the school year. new school year,” Senate President Scutari said.

“Between school and art supplies, new electronics like a laptop or tablet, and sports equipment, getting kids ready for the new school year can take a huge toll on a family’s wallet,” said Assembly Speaker Craig Coughlin. “Our back-to-school vacation lowers the price of school supplies for the up to two million New Jersey families with children in a K-12 school, for our teachers, and for our students. Combined with $2 billion in property tax relief through ANCHOR, it reinforces the commitment to deliver on our promise to deliver the largest tax relief program in our state’s history.

“Preparing for a new school year is a stressful time for New Jersey families, mentally, emotionally and economically,” said Senator Vin Gopal. “By implementing this sales tax exemption in the weeks leading up to the first bell, we will provide families with relief from this stress, helping them fill out their children’s back-to-school lists without straining their household budgets. . I thank Governor Murphy, Senate Speaker Scutari and Speaker Coughlin for their vision and leadership on this issue.

“The purpose of this legislation is to support families and teachers during the busy and potentially costly back to school season. As we have seen a collective increase in inflation and the cost of living, this would be a preventative measure, to ensure that students do not end up without the essential school supplies they will need for the school year in come,” said Senator Fred Fou. “This proposed tax holiday will save parents and teachers funds they shouldn’t have to compromise to provide for their children and students.”

“Each year, the average family spends more than $250 per child on school supplies, and teachers spend about $600 of their own money on school supplies for their students. These are significant expenses, but necessary for an important reason: to ensure that students and teachers have what they need for a successful school year,” said MP Paul Moriarty. “Prices are rising and inflation shows no sign of abating. Now more than ever, it’s critical to help families cut expenses where they can. A tax holiday just before back to school will be something parents and teachers can count on when shopping for back to school.

(Visited 1 time, 16 visits today)