When the Legislature codified the public trust doctrine into statute (S-1074, Smith), they left it to the New Jersey Department of Environmental Protection to fill in many of the gaps left in the legislation. NJBIA had lobbied for, and was successful in having the legislation changed to provide for various business protections, but the final […]
The NJ Division of Taxation recently released Technical Bulletin 91 (TB-91), which provides information on the treatment of banking corporations and combined groups. For a copy of TB-91, please click here. Based on the release of this Technical Bulletin, we are soliciting feedback on the impact that the guidance may have on NJBIA members. To […]
Preliminary June statistics from the Bureau of Labor Statistics (BLS) finds that New Jersey’s unemployment rate has decreased to 3.5%.
A study by the Congressional Budget Office (CBO) has found that approximately 1.3 million workers could become jobless if the federal minimum wage is increased to $15 per hour by 2025. The CBO also studied the effects of a potential $12 and $10 per hour minimum wage and concluded that smaller increases result in fewer […]
This week, the State Board of Public Utilities held the first of its three planned days of public hearings on the Draft Energy Master Plan (EMP). The draft EMP sets the goals of the State for energy generation and consumption for the next 30 years. This draft EMP sets a goal of 100% clean energy […]