Question that is not hugely investment related. If you are conducting a home improvement (specifically replacing a kitchen), is this subject to sales tax in New Jersey?
There seems to be hugely conflicting information out there.
Does anyone happen to have info on this that is explicit?
Real Estate Agent · Robbinsville, NJ · Member since 2014 · 12 posts · 8 votes
5y
Capital improvements that increase the value or useful life of a home are generally exempt from sales tax in New Jersey, with a few exceptions. Your contractor should ask you to fill out a ST-8 in order to claim the exemption. A kitchen remodel would likely be exempt, unless you were actually just doing repairs or maintenance. NJ Tax Bulletin S&U-2 covers the topic of sales tax and home improvements from a consumers perspective. Hope this helps provide some guidance!