Cumberland Empowerment Zone Corporation - The NJ Sales Tax and Its Relationship to Urban Enterprise Zone (UEZ) Workshop / 1-17-25

This is a great opportunity for new businesses in Cumberland County, CPAs and Attorneys, as well as existing UEZ businesses.

This sales tax workshop explores the intricate relationship between New Jersey’s sales tax system and the Urban Enterprise Zone (UEZ) program. Designed for business owners, the course covers the fundamentals of New Jersey’s sales tax laws while highlighting the unique opportunities available to businesses operating within Urban Enterprise Zones.

Key Topics Covered:

• Understanding taxable and non-taxable goods and services.
• Sales tax filing and reporting obligations.

• Definition and purpose of Urban Enterprise Zones in New Jersey.

• Reduced sales tax rate for businesses operating within UEZs (currently 3.3125% on most sales, compared to the standard 6.625% rate).
• How UEZ businesses can take advantage of the sales tax reduction for both sales and purchases.
• Exemptions available to qualified businesses within UEZs, such as exemptions on certain capital equipment purchases.

• Sales tax filing and reporting obligations specific to businesses in UEZs.
• Proper recordkeeping for sales tax exemption and reduced rates.