PURCHASE NJT PABT 0925 NEWARK NJ

The purchase njt pabt charge is a tax that is imposed on the purchase of certain items in the state of New Jersey. The tax is imposed on the sale of tangible personal property, as well as digital products and services. The rate of the tax is 6.625%, and it is imposed on the sales price of the item. The tax is generally imposed on the buyer, but it may be required to be paid by the seller in some cases. The tax is collected by the state and then remitted to the municipality where the purchase was made. The tax revenue is used to fund public transportation projects in New Jersey.