As we embark on a New Year, I wanted to provide a review of all of the various taxation and economic development policies that we worked on last year. We will continue to work on many of these in 2017 as well. Combined Reporting NJBIA has strongly opposed this legislation, which would require members of […]
—Overview— On October 14, 2016, Governor Christie signed P.L.2016, c.57 into law, which provided comprehensive tax reform and reauthorization of the Transportation Trust Fund (TTF). The Governor and the Legislature worked together in a bipartisan manner to craft legislation that addressed New Jersey’s tax climate, while also providing substantial investment in the state’s infrastructure. The […]
Calling the recently enacted tax cuts a game-changer for the state’s economy and retirees, New Jersey Business & Industry President & CEO Michele Siekerka on Wednesday joined business groups, AARP, and legislators for a roundtable forum highlighting the positive impact that the new laws will have on New Jersey’s economy and senior citizens’ financial ability […]
The latest figures from the Internal Revenue Service indicate outmigration continues to impact New Jersey’s economy. In 2015, $2.4 billion in net adjusted gross income left the state for a total of $20.7 billion over the last 11 years. Since 1992, New Jersey has lost a total of $31.5 billion in net adjusted gross income.
Governor Chris Christie signed legislation late Friday approving comprehensive tax reform and reauthorization of the Transportation Trust Fund.