Details of the Federal Economic Stimulus Package
The $787 billion federal stimulus bill impacts taxes, education, employee benefits, transportation, construction, healthcare and more.  New Jersey is expected to receive $17 billion of that -- $10 billion in new government spending and $7 billion in lower taxes.  Following are Internet links to help you get the information you need.  Details of stimulus program in NJ

Small Business
Several provisions of the stimulus bill are aimed at small businesses. Administering the program in NJ is the US Small Business Administration, NJ Office.

SBA economic recovery program
Request SBA counseling
Register as a small business in NJ
NJ Small Business Resource Guide

Taxes
The stimulus package provides numerous tax changes, including bonus depreciation, enhanced small business expensing, and carryback of net operating losses.  It also provides incentives for buying cars and hiring veterans. 

COBRA Expansion
The stimulus package dramatically expands employers' COBRA obligations. Former employees may seek subsidies when purchasing health insurance from their former employees.  The revised law also includes tax credits and reporting and notification requirements.

Employee Benefits
In addition to COBRA changes, the stimulus package has several provisions impacting all aspects of employee benefits, including, health insurance, IRAs, pensions, deferred compensation, transportation and bonuses. Learn more about the US Recovery Act

Unemployment Insurance
The stimulus bill not only increased funding for unemployment benefits, it expanded those benefits and made other changes to the program.

Transportation
Governor Corzine has announced $894 million in specific, "shovel ready" transportation projects, including $469 million for bridges and roads and $424 million mass transit projects.

Environment
The stimulus bill provides funding for wide array of environmental projects to be administered by the US Environmental Protection Agency and the NJ Department of Environmental Protection.

Energy
Governor Corzine announced New Jersey will receive $73.6 million in American Recovery and Reinvestment Act (ARRA) funds for its energy stimulus priorities. The funds are administered by the U.S. Department of Energy (DOE).