Email Tell us your name, mailing address, the tax form and/or instructions, and tax year (e.g., 2022 Resident Income Tax booklet) that you need. The OLS presents formal revenue estimates to the budget committees of the Legislature in conjunction with the annual review of the Governor's budget proposal. Phone Call our automated phone line at 1-80 (within NJ, NY, PA, DE and MD) or 60 (from anywhere). The OLS Revenue Snapshot is intended to be a report about major revenues received and not a prediction of future revenues. Taxes so affected are indicated on the OLS table with an asterisk. Owe alternative minimum tax (AMT) or need to make an excess advance premium tax credit epayment.r Can claim a nonrefundable credit (other than the child tax c edit r or the cedit for other dependents), such as the for eign tax cr edit, r education credits, or general business cedit. However, unlike the State Treasurer's monthly report, our figures do not include a current month accrual or "earned" estimate for those taxes that are transmitted to the State on a delayed basis. an extension to le or excess social security tax withheld. The OLS Revenue Snapshot and analysis are based upon actual cash receipts through the month indicated, as compiled by the Department of the Treasury. The table generally includes one graphical illustration of collection trends for a major tax revenue such as the gross income tax or the sales tax. New Jersey assesses a 6.625 Sales Tax on sales of most tangible personal property, specified digital products, and certain services unless specifically exempt under New Jersey law. Sign Purchases and Installation Services Sales and Use Tax Effective October 1, 2022. The table omits many of New Jersey's other tax and non-tax revenues and does not include local government tax revenues such as the property tax. Sales Tax Holiday for Certain Retail Sales. GSA cannot answer tax-related questions or provide tax advice. The table includes only those State revenues that are received on a fairly even basis throughout the year, accounting typically for about 80% of the State's annual budgeted revenues. NJ DE MD MA DC GUAM AMERICAN SAMOA EUROPE EAST ASIA V.I. With the exception of New Jersey Lottery receipts, all of the revenue sources reported are taxes or fees. The OLS Revenue Snapshot is a brief report that includes a narrative summary of major tax collection trends in the fiscal year, and a table that compares revenues in the current fiscal year to the comparable amount received at the same point in the prior fiscal year. The Office of Legislative Services (OLS) periodically issues an analysis of State government revenue collections data in New Jersey. For those subject to the middle rate schedule, the top rate has dropped from 6.0 to 5.9 percent.
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