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NJ A5922
Bill
Status
7/24/2025
Primary Sponsor
Annette Quijano
Click for details
AI Summary
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Requires retail establishments to disclose the percentage or dollar amount of a product's retail price attributable to tariffs, displayed on price tags, online product pages, or receipts
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Exempts businesses with less than $500,000 in annual revenue and products where tariff impact is less than 2% of the final retail price
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Mandates wholesale trade firms and importers maintain tariff records and provide necessary information to retailers for compliance
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Authorizes the Director of Consumer Affairs to conduct periodic audits, with violations subject to fines up to $500 per violation
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Phases in over 12 months: first 6 months voluntary, next 6 months applies only to retailers with $5 million+ in annual sales, full effect after 12 months
Legislative Description
"Tariff Transparency Act;" requires disclosure of final retail price attributable to tariffs and other import taxes.
Commerce, Economic Development and Agriculture
Last Action
Reported out of Asm. Comm. with Amendments, and Referred to Assembly Commerce, Economic Development and Agriculture Committee
12/11/2025