From August 27th to September 5th, New Jersey will have a back-to-school sales tax holiday – cutting the cost on school supplies, school art supplies, school instructional materials, computers and school computer supplies.
“We’re committed to making New Jersey more affordable for our students and families,” Gov. Phil Murphy Wednesday.
“Proud to announce today that we have reached an agreement on a back-to-school sales tax holiday – cutting the cost for the most essential items needed for educational success.”
Murphy, Senate President Nicholas Scutari, and Assembly Speaker Craig Coughlin made the joint announcement that they have reached an agreement on a back-to-school sales tax holiday as a part of the Fiscal Year 2023 Budget.
The sales tax holiday will be historic one for the State.
“Today we take another monumental step forward on my Administration’s commitment to make New Jersey a stronger, fairer, and more affordable state for our residents,” said Murphy. “A back-to-school tax holiday has been talked about for a long time, and as inflation is a central worry around many of our residents’ kitchen tables, now is the time to do it. This program will cut the cost for the most essential items needed for educational success and help make New Jersey more affordable for our students and families.”
The sales tax holiday will take place from August 27 to September 5. Under the sales tax holiday, tax exempt supplies and equipment include: (1) school supplies, such as pens and pencils, notebooks, and binders; (2) school art supplies, such as paints and paintbrushes, clay, and glazes; (3) school instructional materials, such as reference books, reference maps, globes, textbooks, and workbooks; (4) computers; and (5) school computer supplies, such as computer storage equipment, printers, and personal digital assistants.
“This tax holiday for school products may not make kids look forward to school more, but it certainly will make parents happier when shopping for the goods they need to get their children in advance of the new school year,” said Senate President Scutari.
“Every year, the average family spends upwards of $250 per child on school supplies alone and teachers spend around $600 of their own money on classroom supplies for their students. These are significant, yet necessary expenses for an important reason— ensuring students and teachers have what they need for a successful school year,” said Assemblyman Paul Moriarty. “Prices are rising with inflation showing no signs of letting up. Now more than ever, it is critical to help families cut costs where they can. A tax holiday right before school begins each year will be something parents and teachers can count on while back-to-school shopping.”