Following a Senate Select Committee hearing on NJ TRANSIT on Friday, Senate President Stephen Sweeney proposed establishing a 1% tax on corporate income in New Jersey to provide a permanent source of funding for the state’s rail and bus system. Sweeney said he is seeking to permanently set the corporate business tax rate at 10% […]
NJBIA is giving Garden State manufacturers the opportunity to showcase their New Jersey-made products at the State House on Thursday, March 26 during its “Made in New Jersey Day” celebration of the manufacturing industry. “This is an exciting event that gives New Jersey manufacturers the opportunity to show off their products and talk about manufacturing […]
Governor Murphy and a Special Senate Committee disagree over whether there should be a hard cap on the maximum that can be allocated to a corporate tax break for a new tax incentive program. As discussions continue, NJBIA Vice President of Government Affairs Chris Emigholz told NJ Spotlight that the association supports no annual overall […]
NJBIA President and CEO Michele Siekerka spoke to NJTV’s Rhonda Schaffler about legislation that provides tax credits to employers who hire workers under 18 years old. NJBIA supports the bill which will grow in importance as New Jersey’s minimum wage progresses to $15 an hour. See video here.
A legislatively appointed panel charged with making recommendations on how New Jersey should structure its economic development incentives released its final report today amidst a stalemate between Gov. Phil Murphy and the Legislature. The bipartisan Select Committee on Economic Growth Strategies, led by State Senators Senator Bob Smith and Joseph Pennacchio, made 25 recommendations to […]