Area Development New Jersey Resource Page
Topics
Exclusive Content
Related Sites
Services
Basic Business Taxes
Corporate income tax:
There is no capital stock tax, no unincorporated business tax, no business personal property tax, no commercial rent or occupancy tax (at the state level), and no retail gross receipts tax.
New Jersey Business Call Center
Trenton, NJ 08625-0820
888-534-7789
There is no capital stock tax, no unincorporated business tax, no business personal property tax, no commercial rent or occupancy tax (at the state level), and no retail gross receipts tax.
Corporate business tax (franchise):
Corporations are taxed at 9 percent of their entire net income allocated to the state. The tax rate for business corporations with income under $100,000 is 7.5 percent.
Sales and use taxes:
The state imposes a 7 percent tax on sales and use.
Property tax:
Property tax is assessed and collected at the municipal level.
Property tax abatement:
Any municipality may abate property taxes on realty for a new development project. For property tax abatement concerning a rehabilitation, contact the appropriate municipality.
New Jersey Business Call Center
Trenton, NJ 08625-0820
888-534-7789
Article Tools Sponsor
SPONSOR PROFILES: