NJBIA’s government affairs team takes a look at some recently released numbers on adjusted gross income and gross domestic product and how they relate to the regional competitiveness of New Jersey.
Chrissy Buteas and Mike Wallace discuss some of NJBIA’s top priorities in the lame duck session, especially several bills that have caused the business community a lot of concern.
Legislation (S-1766) that would greatly expand the amount of damages that can be awarded under the New Jersey’s Wrongful Death Act (N.J.S.A. 2A:31-1 et seq.) was posted for consideration in the Senate Budget & Appropriations Committee, but was held for consideration. Under current law, damages are limited to economic or pecuniary damages. The proposed measure […]
The Department of the Treasury reported October revenue collections were above targeted growth, with collections for the major taxes totaling $2.639 billion, up $361.9 million, or 15.9% above last October. Year-to-date, total collections of $8.781 billion are up $784.4 million, or 9.8% above the same period last year. According to Treasury, “The Corporation Business Tax […]
NJBIA and the NJ State Chamber of Commerce recently met with Treasury, Taxation and the Governor’s office to review our Joint Reform Package to Increase Competitiveness. We also recently met with the Senate and Assembly Majority offices to discuss the platform as well. While many of the policy matters in the Reform Package were […]