My personal comment... This would only really help for someone making a LARGE purchase, like a car, computer, etc....

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GOP Proposes Sales Tax Holiday
Tuesday, October 14, 2008 - Associated Press

New Jersey Republicans are proposing a five-week sales tax holiday to stimulate the state economy.

The proposal would cut the sales tax in half -- to 3.5 percent -- during the busiest retail season, Thanksgiving through Jan. 4. The sales tax in Urban Enterprise Zones would also be cut in half, to 1.75 percent.

Two Republican officials familiar with the plan say it would jump-start the economy by allowing customers to pay less for merchandise and increasing retail sales.

The officials, who spoke on condition of anonymity because legislation to enact the plan was still being prepared for introduction in the Assembly on Thursday, say most of the estimated $500 million in lost tax revenue would be offset by the increased business activity.

The proposal will be formally unveiled Tuesday, two days before Gov. Jon Corzine outlines his own economic stimulus package.

(Copyright 2008 by The Associated Press. All Rights Reserved.)