NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
A Tax Foundation analysis released his week shows New Jersey corporations pay the highest combined state and federal corporate income tax rate (30.1%) in the nation. Forty-four states and the District of Columbia, have corporate income taxes on the books, with top rates ranging from North Carolina’s single rate of 2.5% to a top marginal […]
Gov. Phil Murphy has signed legislation, supported by NJBIA, that simplifies corporate business tax reporting and compliance by making technical corrections to the Corporation Business Tax. As part of the FY 2021 budget negotiations, the Governor and Legislature, unfortunately, raised the CBT to 11.5%, adding even greater urgency to the need to simplify the process for both taxpayers and the state, said Chris Emigholz, NJBIA vice president of Government […]
Good afternoon! 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 provide 1 million jobs in our State and make NJBIA the largest statewide business association in […]
The New Jersey Business & Industry Association is supporting legislation that will make corporate business tax (CBT) reporting and compliance easier for corporations through technical corrections to CBT law. In testimony submitted to the Assembly Commerce and Economic Development Committee today, NJBIA Vice President of Government Affairs Christopher Emigholz described bill A-4809 as a “win-win” […]
Gov. Phil Murphy today signed an executive order that extends the deadline for 2019 Corporation Business Tax (CBT) calendar year returns being filed under extension to Nov. 16. The extension was ordered due to the ongoing COVID-19 pandemic. The previous deadline for calendar year returns being filed under extension had been today, Oct. 15, although […]
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