Jersey’s upcoming lottery tax increase has sparked a debate among lottery tax experts, who are asking whether it will be enough to pay for the tax increase.
The state’s revenue-raising powers are limited by a constitutional provision that says that the state cannot raise taxes until the last day of the fiscal year, March 15.
If the state were to pass a bill in the last two days of the year, it would have to come back to the legislature for approval.
The Legislature has repeatedly said it is not obligated to pass any bills that are not approved by the state House and Senate within a two-week period, and that it could be forced to pass bills it has not approved.
But the lottery tax is a separate, separate issue from the tax on hotel rooms and tickets to concerts.
Jersey has not raised hotel room taxes since 2007.
The question of whether the state should raise the hotel room tax is also complicated by the fact that the hotel tax will only increase if hotel occupancy is up by 10 percent or more.
In an interview, lottery tax expert Mike Koster said that the new hotel tax is unlikely to be enough because it would likely have to be increased by another $100 million or more before it would cover the full $3.4 billion needed to raise the tax.
He said the higher hotel tax rate would likely be enough. “
Either it has to be raised by $100 billion or it has have to have a higher rate than that,” he said.
He said the higher hotel tax rate would likely be enough.
The new hotel room and ticket tax is set to be imposed at 10 percent, a higher than expected rate for a tax that has not had a big impact on the lottery industry in the past.
But even at that rate, the state would still be short of the $3,600 per ticket sales tax that is supposed to be the only revenue source for the lottery.
The tax is scheduled to go into effect in 2019, and the state has said it will begin collecting revenue at that time.