NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The New Jersey Business & Industry Association testified today that it is paramount New Jersey puts a strong tax incentive program in place to attract and retain business in order to offset the high cost of doing business in the state. NJBIA Vice President of Government Affairs Andrew Musick told the Senate Select Committee for […]
A new law doubling the tax credit available under the state’s Angel Investor Tax Credit program will make it easier for startups and emerging technology businesses to attract the private investment they need to succeed, and will also boost New Jersey’s growing innovation economy. The legislation, A-5604 (Freiman, Pinkin, Milam, DePhillips, Zwicker, Land, Corrado, Singleton), […]
Incentive programs designed to offset New Jersey’s challenging business tax climate would continue until Jan. 31, 2020 under a bill passed by the Legislature yesterday, but Gov. Phil Murphy has vowed to veto it. The extension bill would continue the Grow New Jersey and the Economic Redevelopment and Growth Grant programs, until the governor and […]
NJBIA supported nine bills before a legislative committee on Thursday that represent the first step toward the implementation of the bipartisan Path to Progress report, which identified ways to reduce taxes and make the state more competitive by reforming the state’s revenue structure. “New Jersey needs to make structural financial reforms because its increasing debt […]
NJBIA lent its support on Thursday to legislation temporarily extending two tax incentive programs that are about to expire, as well as a separate bill to recalibrate the Grow NJ Assistance Program to be more reflective of current economic conditions. “Most policymakers, including members of the Legislature and the Governor, agree that tax incentives are […]
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