Business Inventory Tax
Business inventory is exempt.
Corporate Income Tax
New Jersey's corporate tax structure consists of a flat 9% on all corporate income. Corporations with entire net incomes of less than $100,000 pay 7.5%.
Personal Income Tax
New Jersey's personal income tax system consists of six brackets and a top rate of 6.37% which starts at an income level of $75,000.
Personal Property Tax
New Jersey is one of the 38 states that collect property taxes at both the state and local levels. New Jersey does not assess an intangible personal property tax.
State Sales and Use Tax
Base Rate: 6 %
Machinery Rate: None
There is an exemption for machinery, apparatus or equipment used or consumed directly and primarily in the production of tangible personal property by manufacturing, processing, assembling or refining.
Unemployment Insurance
New Jersey's new employers' rate is 2.4825% for 3 years.