10/3/2006

New Jersey launches iTunes tax

Filed under: — By Aviran Mordo @ 4:29 pm

Beginning this week, New Jersey residents purchasing music and videos from services like Apple’s iTunes and rival digital downloads e-tailers encountered something they’d previously only found at bricks-and-mortar counterparts: a sales tax.

Democratic Governor Jon Corzine proposed the sales tax expansion earlier this spring to help the state to recover from a $4.5 billion budget deficit, an ABC News affiliate in New York reported recently on its Web site. The changes, along with a sales tax rate hike from 6 to 7 percent, took effect on Oct. 1.

Source: News.com

 

Leave a Reply

You must have Javascript enabled in order to submit comments.

All fields are optional (except comment).
Some comments may be held for moderation (depends on spam filter) and not show up immediately.
Links will automatically get rel="nofollow" attribute to deter spammers.

Powered by WordPress