Gov. Phil Murphy and top Democratic leaders in the sate Legislature announced a sales tax holiday for back to school items.
“This is giving that money back to taxpayers,” Scutari said.
This is the latest in a string of tax relief proposals from Democratic state leaders after a tense November election in which Republicans gained seven seats in the state Legislature. It also comes as Murphy and Democratic lawmakers continue negotiations on a state budget for the new fiscal year that begins July 1.
“It’s a shame that they don’t make a true commitment to provide long-term tax cuts like Republicans have,” Assembly Minority Leader John DiMaio said. “This is a red herring to make people think they aren’t being overtaxed when they are and continue to be with Democrats in charge.” Despite a final budget getting released at the last minute, Murphy and state leaders on Wednesday said they are “very optimistic” a budget will get done by July 1.Murphy said shoppers will not have to show an ID, and anyone will be able to take advantage of the tax holiday, which leaders say about 16 other states have already implemented.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These States Have The Highest—And Lowest—Gas Taxes, As Biden Pushes Tax HolidayPennsylvania has the highest state gas tax in the country at 57.6 cents per gallon.
Read more »
Biden says he’s considering a gasoline tax holidayA new law barring sales of bullet-resistant vests to most civilians in New York doesn't cover the type of armor worn by the gunman who killed 10 people at a Buffalo supermarket.
Read more »
What Do Texans Pay in Taxes Per Gallon of Gas?President Joe Biden is considering a federal gas tax holiday to temporarily suspend fuel excise tax -- what would it look like if Texas did the same thing?
Read more »
IRS to clear 2021 tax return backlog soonThe IRS says that all 2021 original individual tax returns that are error-free and that were received last year should be completed in the coming days.
Read more »
Biden poised to announce a likely doomed gas tax holidayPresident Joe Biden plans to call for suspending the federal gasoline tax in his latest bid to curb rising fuel prices, according to multiple Democrats familiar with discussions, who said it stands almost no chance of passage in Congress.
Read more »
California Dems ignore gas tax holiday to investigate high pricesThe California legislature, which has refused to sideline the state’s 51-cent gas tax, will now investigate why prices are so high, topping $7 per gallon in some areas.
Read more »