On Sunday evening, lawmakers approved a series of tax increases, many of which will impact businesses, to fund the FY 2019 NJ budget ($37.4 billion) that was signed into law. Most notably, the budget deal comes with an increase in the corporate business tax, the inclusion of combined reporting and an increase in the income […]
Hello everyone, Earlier this afternoon, Senate President Steve Sweeney held a press conference where he stated that Democratic leadership in the Senate and the Assembly would add two new revenue sources to help end the budget stalemate. The proposal would include an extension of the proposed CBT surcharge from two years to four. The CBT […]
The Legislature passed its FY 2019 Budget proposal and legislation that made a number of changes to the Corporate Business Tax (CBT), including a rate increase, last Thursday evening, sending it to Governor Murphy for his consideration. Additional changes were made to the CBT bill this past Monday evening. Monday evening, lawmakers made more changes […]
I would like to invite you to join the New Jersey Business & Industry Association and the New Jersey State Chamber of Commerce to hear New Jersey State Treasurer Elizabeth Maher Muoio discuss the FY 2019 Budget proposal. The event will take place at the National Conference Center in East Windsor on Wednesday, April 25, from […]
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