{"id":6055,"date":"2025-07-09T09:38:27","date_gmt":"2025-07-09T14:38:27","guid":{"rendered":"https:\/\/niada.com\/dashboard\/?p=6055"},"modified":"2025-07-09T10:15:57","modified_gmt":"2025-07-09T15:15:57","slug":"njiada-protects-consumers-dealers-from-losing-trade-in-credit-on-sales-tax","status":"publish","type":"post","link":"https:\/\/niada.com\/dashboard\/njiada-protects-consumers-dealers-from-losing-trade-in-credit-on-sales-tax\/","title":{"rendered":"NJIADA protects consumers, dealers from losing trade-in credit on sales tax"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">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<p class=\"wp-block-paragraph\">\u201cThis is a tremendous win for our industry and the consumers we serve,\u201d said Paula Frendel,<strong> <\/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<p class=\"wp-block-paragraph\">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&nbsp;rather than the price minus the trade-in value, resulting in higher costs and potentially lower vehicle sales statewide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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<p class=\"wp-block-paragraph\">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<p class=\"wp-block-paragraph\">This outcome highlights the impact of advocacy and underscores the importance of industry engagement in shaping public policy decisions.<\/p>\n<div class=\"niada-bottomboard niada-entity-placement\" id=\"niada-1948736404\"><div id=\"niada-2755083307\"><a data-no-instant=\"1\" href=\"https:\/\/goldstandardautomotive.com\/\" rel=\"noopener\" class=\"a2t-link\" target=\"_blank\" aria-label=\"NIADA Banner 0626 970x66px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/niada.com\/dashboard\/wp-content\/uploads\/sites\/2\/2026\/01\/NIADA-Banner-0626-970x66px.png\" alt=\"\"  srcset=\"https:\/\/niada.com\/dashboard\/wp-content\/uploads\/sites\/2\/2026\/01\/NIADA-Banner-0626-970x66px.png 970w, https:\/\/niada.com\/dashboard\/wp-content\/uploads\/sites\/2\/2026\/01\/NIADA-Banner-0626-970x66px-300x20.png 300w, https:\/\/niada.com\/dashboard\/wp-content\/uploads\/sites\/2\/2026\/01\/NIADA-Banner-0626-970x66px-768x52.png 768w, https:\/\/niada.com\/dashboard\/wp-content\/uploads\/sites\/2\/2026\/01\/NIADA-Banner-0626-970x66px-380x26.png 380w, https:\/\/niada.com\/dashboard\/wp-content\/uploads\/sites\/2\/2026\/01\/NIADA-Banner-0626-970x66px-550x37.png 550w, https:\/\/niada.com\/dashboard\/wp-content\/uploads\/sites\/2\/2026\/01\/NIADA-Banner-0626-970x66px-800x54.png 800w\" sizes=\"(max-width: 970px) 100vw, 970px\" width=\"970\" height=\"66\"   \/><\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"The New Jersey Independent Automobile Dealers Association (NJIADA) scored a significant victory for both dealers and consumers, ensuring&hellip;\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":["post-6055","post","type-post","status-publish","format-standard","has-post-thumbnail","category-industry","cs-entry","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}]}}