NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
—Background— The wide breadth and rich depth of the unprecedented, more than 14 billion multi-year “New Jersey Economic Recovery Act of 2020” (P.L.2020 c.156) makes the law a potentially transformative economic development tool. It passed the Legislature on Dec. 2020 and was signed into law by Gov. Phil Murphy at a ceremony with NJBIA in […]
NJBIA testified on Thursday in support of two COVID-19 tax relief bills, including legislation that would make sure New Jersey businesses that received federal assistance under the Paycheck Protection Program (PPP) will not have to pay state income taxes on their loans, even if those loans are forgiven. In testimony before the Senate Budget & Appropriations Committee meeting, NJBIA Vice President of Government Affairs Christopher Emigholz pointed […]
A new Tax Foundation study finds New Jersey once again ranks third in the nation in states that rely on their property taxes for their overall tax collections. The study finds that New Hampshire and Alaska relied most heavily on property taxes, accounting for 63.8% and 45.6% of their tax collections in FY2018 – the […]
Good morning! My name is Christopher Emigholz, and I am the Vice President of Government Affairs for the New Jersey Business & Industry Association (NJBIA) covering tax, budget and economic development issues. On behalf of our member companies that collectively provide 1 million jobs in our State and make NJBIA the largest statewide business association […]
New Jersey businesses facing a potential $1 billion spike in payroll taxes this summer have been given a reprieve under legislation strongly supported by NJBIA that was signed into law late yesterday by the governor. The state’s Unemployment Insurance Trust Fund needs to be replenished because it has paid out a record of $20 […]
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New Jersey Business & Industry Association
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