Newark imposes a 15% municipal parking tax on the gross receipts of commercial parking lots and garages under NJ §40:48C-6, a major revenue source given Penn Station and EWR airport demand.
Authorized by NJ §40:48C-6, Newark levies a 15 percent parking tax on the gross fees collected by commercial off-street parking lots and garages, including those serving Newark Penn Station, the Prudential Center, downtown employers, and EWR off-airport shuttle lots. Operators register with the Newark Tax Abatement and Special Taxes Office and remit monthly. Hotel valet parking and monthly contract parking are covered. On-street meter revenue is excluded because it is a city operation, not a private receipt subject to the tax.
Operating an unregistered lot or under-reporting receipts can result in back taxes, interest, civil penalties, and revocation of the city zoning approval needed to operate the parking facility.
See how Newark's parking tax rules stack up against other locations.
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