Your Success is Our Business!
Congratulations! March’s Business of the Month
ROBERT A. WOODRUFF Jr, WOODRUFF ENERGY
In 1943, a group of business owners got together to develop the first organization dedicated specifically to serving business in Salem City. Today, the Salem County Chamber of Commerce boasts roughly 380 members comprised of large corporations, manufacturers, small businesses and community leaders county-wide. We have a supportive, active Board of Directors, professional staff, and over 340 active members. Although much has changed in the past several decades, our mission has remained the same. We are still a group of business people dedicated to making Salem County a better place to live, work and do business.
Cost: $5 for Chamber Members – $20 for Prospective Members
Please respond by March 27, 2017
To register please contact Karen to reserve your spot.
Date: Thursday, April 20, 2017
5:30 – Cocktails ~ Networking
6:00 – Dinner by DiPaolo’s Italian Resaurant
7:15 – Program Presentation of Distinguished Citizen Award
Location: Washington Club, Penns Grove, NJ
Cost: $47 Per Person
As you may have heard, NJ State Sales Tax is being reduced effective January 1, 2017. The final reduction takes place January 1, 2018.
Notice sales and use tax rate change 6.875% sales and use tax rate (P.L. 2016, c. 57) amendments to the sales and use tax act, effective January 1, 2017
The New Jersey Sales and Use Tax will be reduced in two phases between 2017 and 2018. P.L. 2016, c. 57 decreases the Sales and Use Tax rate from 7% to 6.875% on and after January 1, 2017. The tax rate will decrease to 6.625% on and after January 1, 2018. This Notice discusses the transition of the Sales and Use Tax to the lower rates.
Changes for Sellers:
Sellers must collect and remit the tax at the rate of 6.875% on all taxable sales of tangible personal property, specified digital products, and enumerated services that occur on and after January 1, 2017. This rate will remain in effect until December 31, 2017.
The Division of Taxation has updated ST-75, Sales Tax Collection Schedule, which is effective January 1, 2017. Schedule ST-75 rounds the amount of taxes owed to the nearest full cent. All tax calculations should be rounded accordingly. (See, “How to Calculate the Sales Tax” at left.) The tax rate (6.875%) is not rounded when calculating taxes owed.
The following rules apply to taxable transactions that begin before January 1, 2017, and are completed on or after January 1, 2017, but before January 1, 2018.
Sales Made Before January 1, 2017; Delivery on and After January 1, 2017:
If the tangible personal property or specified digital products are sold and delivered or services are rendered before January 1, 2017, the seller must collect tax at the rate of 7%. If the tangible personal property, specified digital products, or services are sold before January 1, 2017, but the tangible personal property or specified digital products are delivered, or the services rendered on or after January 1, 2017, but before January 1, 2018, the seller must collect tax at the rate of 6.875%.
On behalf of the Board of Directors, I would like to wish everyone a very happy, healthy and prosperous 2016! It’s a new year and we have several opportunities this month for you and your staff to make new contacts through networking, build new skills via The Chamber’s Business Builder Workshops and meet the Salem County Board of Chosen Freeholders at the Annual State of the County Address.
Invitations for all three are included in this correspondence. We hope you will take full advantage of the Benefits of Membership by becoming more involved this year!
Jennifer A. Jones, Executive Director