Skip to main content
Affordable Employee Training Exclusively for NJBIA Members LEARN MORE

Member Content Only

Get started becoming a member today.

Become a Member Already a member? Sign In
Headshot of Christopher Emigholz

Chris Emigholz, Vice President

Revenues through the first five months of the fiscal year from the general income tax (+5.4%), sales tax (+8.8%) and CBT (+33.1%) are all well above projections with total major tax revenues up 10% compared to the first five months of last year. The projected growth rate is only 0.6%. Treasury does caution that “there remains ongoing uncertainty surrounding the continuation of these trends for the remaining seven months of FY 2020”. For example, Treasury projects CBT growth to moderate and decline due to non-recurring payments not expected to repeat, potential corporate over-payment in the current low interest rate environment and the temporary 2.5% CBT surtax declining to 1.5% on January 1, 2020.

Join a Policy Committee

By joining a NJBIA Policy Committee, you are a member of a select group of members from many different businesses who share a common interest in a particular area of concern.

Member Signup Sign In To be part of a Policy Committee, your company must be a member of NJBIA. Already a member? Simply sign in.
Issue Areas