NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
NJBIA and the NJ State Chamber of Commerce recently met with Treasury, Taxation and the Governor’s office to review our Joint Reform Package to Increase Competitiveness. We also recently met with the Senate and Assembly Majority offices to discuss the platform as well. While many of the policy matters in the Reform Package were […]
NJBIA Chief Government Affairs Officer Chrissy Buteas recently provided the Council on State Taxation (COST) conference in Washington DC with an update on the current business and tax climate in New Jersey. Buteas participated in a panel discussion with her colleagues from Northeast states at the 50th annual meeting of COST, a nonprofit trade 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 […]
NJBIA President & CEO Michele N. Siekerka, Esq. issued the following statement Thursday regarding Gov. Phil Murphy’s action on A-4495, which revises the Corporation Business Tax. “We are extremely disappointed the governor has signed A-4495 into law, which extends well beyond the intended cleanup of the Corporation Business Tax (CBT) legislation passed in July and will […]
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