New Jersey School Supply Sales Tax Holiday Begins

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CHERRY HILL, NJ (KYW Newsradio) – You won’t have to pay sales tax on back-to-school items in New Jersey for 10 days starting Saturday.

Experts say the state sales tax exemption on school supplies may seem like a deal breaker for families, but businesses could be the real winners.

The tax exemption means you won’t have to pay 6.625% sales tax on anything from pens and certain computers to art supplies and sports equipment. It includes both in-person and online retailers. Click here for the full list of approved articles.

Patricia Griffin’s son starts school on Monday, so they ran for a last-minute pencil case. She was happy to hear about the tax relief.

“I think it will help everyone,” Griffin said. “People will buy more if they know it helps the economy.”

Michael Hayes, professor of public policy at Rutgers University in Camden, said he expects this will help families to some extent.

“I think the impact of the New Jersey sales tax exemption will be positive, but modest,” he said.

Hayes added that the savings could be washed away if companies raise prices.

“They might because they know there will be an increase in demand for the goods and services they sell, so they can raise their price in response,” he said.

Elaine Zundl, who directs the new Masters in Public Policy program at Rowan University, adds that there are other savings options for consumers.

“If people are going shopping and they want to save money on the items they’re watching, they should use an app or tracker to make sure they’re actually getting the best deal and aren’t only being lured to the store for the sales tax exemption,” Zundl said.

“If anything, it will benefit wealthier households who have been waiting to make high ticket purchases.”

Still, buyers say they’ll take advantage of anything that puts more money in their pockets.

You don’t have to be a New Jersey resident to enjoy the vacation.

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