Parents in New Jersey shopping for school supplies will get a tax break starting Saturday when a 10-day sales tax holiday begins for the second straight year.
The sales tax holiday, which was first enacted last year, runs through Monday, September 4, and will make school supplies and other essential items more affordable for families and educators.
“Back-to-school season should be a time of excitement for students and their families, but for some the season also brings a sense of anxiety over the cost of school supplies,” State Treasurer Elizabeth Maher Muoio said in a statement.
“This sales tax holiday will help hardworking parents and teachers across our state stretch their dollars a little further while restocking backpacks and classrooms,” she added.
The sales tax holiday will apply to items bought both in-store and online.
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 paint brushes, clay, and glazes; (3) school instructional materials, such as reference books, reference maps, globes, textbooks, and workbooks: (4) computers with a sales price less than $3,000; (5) school computer supplies with a sales price less than $1,000, such as computer storage equipment, printers, and personal digital assistants; and (6) sport or recreational equipment, such as mouth guards, athletic or dance shoes, and bike helmets.
The tax holiday is expected to cost the state nearly $33 million in lost revenue.
For more details on qualifying items, visit the Division of Taxation’s website.