NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
Due to the public health emergency, the State House Annex remains closed to visitors and the public will not be allowed to attend the meeting in person. The Committee meetings will take oral testimony on bills, by telephone and / or video. You can listen to the Senate and Assembly Committee meetings online at www.njleg.state.nj.us. […]
On behalf of our member companies that provide 1 million jobs in our state and make NJBIA the largest statewide business association in the nation, thank you for the opportunity to speak with you regarding our support of A-1135 (Coughlin (D19) ; Karabinchak (D18); Vainieri Huttle (D37)) which reinstates the prior property tax exemption for […]
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 […]
The pass-through business alternative tax bill (S-3246/A-4807) is on the Governor’s desk after passing the Assembly and the Senate (for concurrence with Assembly amendments) unanimously on Monday. This bill allows pass-through businesses like S-corps, LLCs and partnerships to claim federal deductions that other types of businesses currently receive. Deductions for pass through businesses that […]
Nearly two years since it was first introduced, S-3246 – Sarlo (D36); Singleton (D7); Oroho (R24); Bucco (R25) / A-4807 Benson (D14); Bucco (R25); Freiman (D16) is poised to land on Governor Murphy’s desk on Monday night. This bill will allow pass-through entities, which are mostly small businesses like S-corps, LLCs and partnerships, to claim […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
If you need assistance, contact our membership department at 609-393-7707, ext. 2673.