New Jersey Budget Ushers in Tax Hikes on Tobacco, Vaping, and High Incomes
Smokers and vapers in New Jersey are bracing for increased costs as the state’s new budget agreement, set to take effect on August 1, 2025, introduces significant tax hikes on cigarettes and vaping products. This fiscal move is projected to bolster state coffers by hundreds of millions of dollars annually. Key Tax Adjustments John Reitmeyer,…
