NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
This week, the Tax Foundation compiled the state’s individual income tax rates and brackets for 2021, with New Jersey settling in with the second highest income tax rate in the nation. The Garden State’s 10.75% top income rate is only surpassed by California (13.3%). In September, New Jersey lowered the threshold for the top income […]
NJBIA President and CEO Michele Siekerka issued the following statement regarding today’s announcement of an agreement between Governor Murphy and legislative leadership to expand the base of those will pay the state’s gross income tax rate from 8.97% to 10.75%. “This tax increase in exchange for suggested middle-class relief is a gimmick that further verifies […]
The New Jersey Department of the Treasury recently released January revenue collections. For the press release, and a copy of the January 2019 Revenue Report, please read below. (TRENTON) – The Department of the Treasury reported that January revenue collections for the major taxes totaled $4.042 billion, up $225 million, or 5.9 percent above last […]
Moving their businesses out of New Jersey is a growing imperative among companies who belong to NJBIA, and the budget debate is only making things worse. Testifying before both the Senate Budget and Appropriations Committee and the Assembly Budget Committee on Tuesday, Siekerka related two stories NJBIA member companies had recently shared with her: “One […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
