NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The NJ Division of Taxation recently released Technical Bulletin 85 (TB-85), which provides guidance on how the Division will treat Global Intangible Low-Taxed Income (GILTI) and Foreign Derived Intangible Income (FDII), under New Jersey’s Corporation Business Tax (CBT). Specifically all CBT taxpayers, filing a CBT-100 or BFC-1, will calculate the portion of GILTI and FDII […]
The New Jersey Business & Industry Association, NJ State Chamber of Commerce, NJ CPA Society, NJ Retail Merchants Association, Commerce & Industry Association of NJ, Morris County Chamber of Commerce, Hunterdon County Chamber of Commerce, Somerset County Business Partnership, NJ Food Council, and Meadowlands Regional Chamber released the following joint statement today regarding A-4495/S-2989, commonly known […]
The Assembly Budget Committee and Senate Budget and Appropriations Committee considered and approved legislation yesterday that makes a number of changes to the tax structure in New Jersey. The bills are all currently scheduled in both houses for a vote on Thursday. I have included links to the bills, as well as a brief summary […]
The Legislature passed its FY 2019 Budget proposal and legislation that made a number of changes to the Corporate Business Tax (CBT), including a rate increase, last Thursday evening, sending it to Governor Murphy for his consideration. Additional changes were made to the CBT bill this past Monday evening. Monday evening, lawmakers made more changes […]
Statement by Michele Siekerka, president and CEO of the New Jersey Business & Industry Association, and Tom Bracken, president and CEO of the State Chamber of Commerce on imposing a 3 percent surcharge on New Jersey corporate business taxes. “While we are still studying the details of the proposal, both NJBIA and the Chamber are […]
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