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Division of Taxation

2006-2007 State Budget Bills

The following is a list of recently enacted tax laws. Most are administered by the Division of Taxation, with the exception of A4707, which is administered by the Motor Vehicle Commission, and A4716 which is administered by Banking and Insurance. To view the law, click on the bill number.

State Budget Bill Type
Imposes a 1% fee, or 1% tax, on certain purchasers of certain commercial property for over $1 million.
Concerns sales tax exemptions for goods and materials purchased by qualified businesses in Urban Enterprise Zones.
Clarifies fees under “The Radiation Accident Response Act” are assessments against facilities, not operators;
assesses nuclear facility operators for costs of State provided supplemental security.
Concerns electronic methods for filing tax returns and paying State taxes; establishes additional penalty
for failure to use required methods and requires certain tax preparers to file gross income tax returns and payments electronically.
Raises cigarette tax rate to 17½ cents per pack, changes tobacco products wholesale sales tax on moist snuff
to weight-based tax and increases revenue dedication for Health Care Subsidy Fund.
Imposes 4% surcharge on liability and increases minimum tax under the Corporation Business Tax.
Establishes one-time supplemental titling fee on new luxury and fuel inefficient passenger automobiles.
Alters phase-out schedule of transitional energy facility assessment unit rate surcharges.
Imposes gross receipts tax on retail sales of fur clothing in this State and use tax on use of certain fur clothing
in this State for which tax has not been paid.
Increases rental motor vehicle surcharge from $2 per day to $5 per day.
Increases annual assessment on net written premiums of HMOs to support charity care from 1% to 2%.
Increases sales and use tax from 6% to 7% beginning on July 15, 2006 and expands base of sales and
use tax beginning on October 1, 2006.
Authorizes the State Treasurer to enter a reciprocal debt collection agreement with the federal government,
enables the implementation of the agreement, and the sharing of certain State taxpayer information with the U.S. Treasury

Last Updated: Monday, 05/05/25