NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
Gov. Phil Murphy and legislative leaders celebrated an agreement on a $400 million income tax increase tax this week as part of the current FY2021 budget negotiations. But unfortunately the realities and the intent of this oft-proposed income tax increase are two things. The revised FY2021 budget will raise the state’s gross income tax rate […]
The business community’s campaign to shrink Gov. Phil Murphy’s proposed $40.1 billion budget—along with the proposed tax increases and borrowing that go with it—got underway in earnest this week. With a press conference, an op-ed and testimony before the Legislature, NJBIA and the 100+-member New Jersey Business Coalition have called on the Legislature to tighten […]
New Jersey will be able to borrow money to cover the revenue shortfall caused by COVID-19, the New Jersey State Supreme Court ruled today. In a unanimous opinion written by Chief Justice Stuart Rabner, the court upheld the controversial law authorizing the state to borrow up to $9.9 billion without first getting voter approval. The […]
The New Jersey Business & Industry Association is urging the Assembly Appropriations Committee today to vote against a proposed $300 million health insurance tax that would increase costs for businesses, nonprofits and ultimately all employees who pay a portion of their healthcare premiums. NJBIA Chief Government Affairs Officer Chrissy Buteas said bill A-4389 will impose a […]
I hope you all enjoyed your Independence Day weekend and the start of summer, and I hope you, your families and your businesses are getting through this pandemic as well as possible. Need Your Input on Working Draft of Combined Reporting Regulations: NJBIA, through our strong partnership with Treasury, received a working draft of Treasury’s […]
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