In past years, the taxation policy committees of the New Jersey Business & Industry Association (NJBIA) and the New Jersey State Chamber of Commerce have proposed a number of important recommendations to improve the state’s business climate by inspiring business confidence, encouraging investment, economic growth and creating jobs. These recommendations are designed to help make New Jersey more competitive and affordable for both large and small companies, whether they are organized as a corporation or a pass-through entity.
We are beginning the process of updating these recommendations, and at this time are seeking feedback from our membership on what recommendations they would like to see included. To submit any recommendations or feedback you have, please reach out to me at AMusick@njbia.org.
Your feedback is vital as we are gathering these recommendations on the heels of significant changes to New Jersey’s tax structure that have been made over the past few months. These include both technical corrections and substantive changes to New Jersey’s Corporation Business Tax (CBT), Gross Income Tax (GIT), and Sales and Use Tax (SUT), as well as changes associated with the federal Tax Cuts & Jobs Act of 2017.
We are looking for your “wish list” items that you would like to see addressed with New Jersey’s tax code. Whether it is a particular policy that is a burden to your business or clients, or an administrative process that could be streamlined, it is important that we hear from you. We are asking that all recommendations be submitted by December 1, 2018. Thank you in advance for your comments and please feel free to reach out to me if you have any questions.