The New Jersey Independent Automobile Dealers Association (NJIADA) scored a significant victory for both dealers and consumers, ensuring that vehicle trade-ins will continue to reduce the sales tax base in the state.<\/p>\n\n\n\n
\u201cThis is a tremendous win for our industry and the consumers we serve,\u201d said Paula Frendel, <\/strong>CAE, Executive Director of NJIADA. \u201cWe thank the members of the 2026 Budget Committee for recognizing the importance of this policy and for taking NJIADA\u2019s comments into consideration.\u201d<\/p>\n\n\n\n Governor Phil Murphy\u2019s original 2026 budget proposal included eliminating the current sales tax credit on trade-in vehicles. Under the proposal, consumers would have paid sales tax on the full purchase price of a new vehicle rather than the price minus the trade-in value, resulting in higher costs and potentially lower vehicle sales statewide.<\/p>\n\n\n\n Industry leaders, including NJIADA, strongly opposed the change, citing the financial burden it would place on consumers and the potential impact on dealerships across New Jersey.<\/p>\n\n\n\n In the final version of the budget, signed into law by Governor Murphy on June 30, the proposed elimination of the trade-in tax credit was not included. The current policy remains intact, with trade-in values continuing to reduce the taxable amount of a new vehicle purchase.<\/p>\n\n\n\n This outcome highlights the impact of advocacy and underscores the importance of industry engagement in shaping public policy decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"The New Jersey Independent Automobile Dealers Association (NJIADA) scored a significant victory for both dealers and consumers, ensuring…\n","protected":false},"author":1,"featured_media":6056,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":{"0":"post-6055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-industry","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/6055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/comments?post=6055"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/6055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media\/6056"}],"wp:attachment":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media?parent=6055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=6055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=6055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}