Company Car Tax Changes 2025 New Jersey. Sales tax changes given the growing popularity of electric vehicles, or evs, murphy called for phasing out what is now a 100% exemption from the state’s 6.625% sales tax, first enacted in 2003. Phasing out deductions for combustion engine‍ cars;

The car fuel benefit multiplier will rise to £28,200 (currently £27,800). Each of these changes to maximum benefit rates and taxable wage base will take effect on january 1, 2025.