Sunday, July 16, 2006
Tax Cuts - Not in Gov. Corzine's New Jersey
The sales tax increased from 6% to 7%.
And there's more....
And there's more....
From the Phila. Inquirer, Jennifer Moroz tells about it:
"If you run a business in an Urban Enterprise Zone, where only half the sales tax is charged, you will now pay the full sales tax when making purchases and have to wait for a rebate from the state.
The cigarette tax will rise 17.5 cents Saturday to about $2.58 a pack, and snuff tobacco will be taxed on weight, not price.
Corporations will pay a new income tax even as another state corporate tax expired.
As of Saturday, people who buy cars that cost at least $45,000 or get less than 19 miles per gallon will pay a tax equal to 1 percent of the purchase or lease price.
Also as of Saturday, a 6 percent tax will be charged on fur clothing.
Effective immediately is an increase of the rental-car tax from $2 to $5 per day.
What about state colleges and universities?
Corzine proposed cutting state higher-education spending by $300 million. The final budget cut it by $200 million, which is likely to mean tuition increases."
