Today's bill of the day (a new tradition) is S267. If this bill were to pass it would reduce the sales and use tax from 7% to 6%. It was introduced back in January by Senator Joseph M. Kyrillos, Jr. and is still waiting to be reviewed by the Senate Budget and Appropriations Committee. This is a bill I can wholeheartedly get behind.
The use tax is a ludicrous concept in which the state believes that it deserves a piece of anything you buy anywhere. The state of NJ wants to have its hand in your pocket no matter where you are in the world. If I go buy something in another country and paid no taxes on it and bring it back to NJ I am required to pay a 7% use tax. Its a sales tax that follows you wherever you go.
Friday, April 11, 2008
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