Two state Senators who were instrumental in getting comprehensive tax reform approved and signed into law last years were honored today at NJBIA’s Impact Symposium. President and CEO Michele Siekerka presented the Paul L. Troast Award to Senate Budget Chair Paul Sarlo and Senator Steve Oroho in recognition for outstanding public service to the business […]
estate tax
Important Tax Changes for 2018
As we near the end of 2017, I would like to make sure you are aware of a number of important legislative changes that will impact tax filings for 2018. These changes will affect businesses, consumers, retirees, veterans, and heirs who receive an inheritance. Many of these changes come as a result of legislation passed […]
NJBIA Honored by ASAE for Influential Outmigration Report
NJBIA’s research and public messaging documenting the economic impact of the outmigration of New Jersey wealth in the past decade, which set the stage for the repeal of the estate tax and other reforms, has been recognized by the Center for Association Leadership (ASAE) with a Power of “A” Silver Award. NJBIA’s 2016 report “Outmigration […]
Eliminating Estate Tax Improves States’ Competitiveness, Report Says
Twelve years ago, the federal government eliminated a tax credit for inheritance and estate taxes paid to the state, and ever since, competition between states for attracting and retaining retirement wealth has been increasing. That’s according to a new study by the National Tax Foundation entitled, “State Inheritance and Estate Taxes: Rates, Economic Implications, and […]
NJ at the “Forefront of a Great Future,” Senate President Says
Senate President Stephen Sweeney (D-3) says you can see good things happening for New Jersey, you just have to look beneath the surface. New funding to address transportation infrastructure, tax reforms that make the state more competitive and even the takeover of Atlantic City have all contributed to increased investment, both public and private. Speaking […]