How does a reduced rate vendor report and remit sales tax?
Form UZ-50, covering sales tax at the regular rate for non-qualifying sales, and at the half rate for qualifying sales, must be filed monthly. The UZ-50 replaces forms ST-50 and ST-51. If you file the New Jersey/New York combined Sales Tax ST-20 and ST-21, you must file those and the UZ-50. On the UZ-50, take the regular rate sales as a deduction, leaving only the reduced rate sales for calculating sales tax to remit. For the ST-20 and ST-21, calculate tax on all other sales, with the New Jersey reduced rate sales being taken as a deduction.
