Thursday, October 4, 2018

4.3 Cents Gas Tax Increase, Other Taxes go Up in NJ

There is  more pain at the pump as of  Monday October 1, 2018 in New Jersey. Taxes on gasoline sold in New Jersey  rose 4.3 cents per gallon on Monday, a hike triggered by a slowdown in how much gas is bought in NJ. After this latest increase, New Jersey's will be 41.4 cents per gallon. New York is at 45.76 cents per gallon. The increase was met with anger from taxpayers still reeling from the 23-cent-per-gallon increase in 2016. But tax collections have fallen short the past two years, precipitating the Murphy administration's announcement last month that it was raising the tax again according to NJ.com

And that's not all. A few other taxes took affect. E-Cigarettes There is now a tax on the juice. It's a 10 cent per milliliter tax on nicotine liquid for vapers. The state will now also tax all online retailers not only Amazon. Air BNB rentals will also be taxed.

1 comment:

  1. Duh? Of course less gas was sold. It's not a deal anymore to come to NJ from across the state border to fill up as the price is nearly the same. Kudos to the dumb politicians who make life harder for everyone again.

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