New Jersey S869 establishes an annual four-day sales tax holiday after Thanksgiving.
New Jersey S869 creates an annual four-day sales tax holiday in the state, exempting retail sales of tangible personal property from the sales and use tax. The exemption period runs from 12:01 a.m. on the Friday after Thanksgiving to 11:59 p.m. on the Monday after Thanksgiving, covering Black Friday, Small Business Saturday, Sunday, and Cyber Monday. This bill aims to boost local economies by encouraging shopping at small businesses and supporting local job creation and tax revenue.
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