N.J. Admin. Code § 3:19-1.5 - Sales and use tax disclosure

Current through Register Vol. 54, No. 7, April 4, 2022

For the purpose of implementing 17:16C-67, as these sections relate to 54:32B-2(d) and 54:32B-12(a), of the Sales and Use Tax Act, the sales tax, if applicable, shall be shown as a separate item in the manner prescribed below, if the down payment or any part of the down payment represents a credit given by the home repair contractor as authorized by 54:32B-2(d).

Sale without Trade-in
Cash price (sales tax $ 60.00) $ 1,060.00
or
Cash price $ 1,000.00
Sales Tax $ 60.00
Total cash price $ 1,060.00
Sale with Trade-in
Cash price $ 1,000.00
Allowance on trade-in $ 500.00
Adjusted cash price (sales tax $ 30.00) $ 530.00
or
Cash price $ 1,000.00
Allowance on trade-in $ 500.00
Adjusted cash price $ 500.00
Sales tax $ 30.00
Total cash price $ 530.00

Notes

N.J. Admin. Code § 3:19-1.5
Amended by R.1996 d.215, effective 5/6/1996.
See: 28 New Jersey Register 1333(a), 28 New Jersey Register 2373(b).

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