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 […]
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New Jersey is facing a government shutdown at midnight if legislators and the Governor do not fulfill their constitutional duty to enact a balanced budget. NJBIA members should contact their state representatives and tell them to avoid a government shutdown. A government shutdown on Fourth of July weekend will hurt businesses and deprive residents of […]
On Thursday June 8, the General Assembly will consider Assembly bill 4870. The bill would increase the minimum wage to $17.98 per hour for contracted transportation service workers at Newark Airport, Hoboken Terminal and Newark Penn Station. In addition, the bill would provide substantial fringe benefits including vacation time and paid sick leave. Including fringe […]