Water Recycling. Businesses, cities, and people are finding new ways to save water by reusing it. Many businesses have started recycling water that they use in their manufacturing process. Instead of letting water run down the drain, the water is collected, cleaned (if needed) and run back through the system.
The New Jersey state sales tax rate is 7%, and the average NJ sales tax after local surtaxes is 6.97%. 1  Groceries, clothing and prescription drugs are exempt from the New Jersey sales tax. 2  Counties and cities are not allowed to collect local sales taxes.
(3) The tax rate is 9% (.09) of entire net income that is subject to Federal income taxation or such portion thereof as may be allocable. to New Jersey. For a taxpayer that has entire income of $100,000 or less, the tax rate is 7.5% (.075) and if the entire income is. $50,000 or less, the tax rate is 6.5% (.065). (4) The tax rate on the net pro rata share of the S Corporation income allocated to New Jersey for the nonconsenting shareholders is. 8.97%.