The Tax Foundation, an independent tax policy research organization, lists New Jersey dead last in its annual rankings of business tax climate by state, underscoring the need for state policymakers to focus on strategies to make New Jersey more affordable, the New Jersey Business & Industry Association said today. The Garden State has an overall […]
News Releases
NJBIA: Regional Greenhouse Gas Initiative is a Bad Deal for New Jersey Businesses, Consumers
The New Jersey Business & Industry Association opposes legislation before the General Assembly today that would require New Jersey to rejoin the Regional Greenhouse Gas Initiative (RGGI) in a move that could lead to higher energy costs for businesses and consumers. The bill, A-4701, is unnecessary because New Jersey’s energy generator sector is already among […]
Angel Investor Tax Credit Expansion Will Bolster High-Tech Business, NJBIA Says
The new law extending the successful Angel Investor Tax Credit Program to holding companies will make it easier for high-tech businesses to attract investments in their companies, the New Jersey Business & Industry Association said today as Gov. Chris Christie signed the bill, S-158 (Madden, D-4; Cruz-Perez, D-5)/A-3631 (Quijano, D-20; Schaer, D-36). “This law will promote […]
NJBIA Backs Study to Take Advantage of Energy Storage Technology
If New Jersey can improve the effectiveness of energy storage, it could substantially cut costs and increase reliability. That’s why the New Jersey Business & Industry Association (NJBIA) is supporting legislation approved by the Senate Environment and Energy Committee today to study how energy storage could help New Jersey. Under the bill, S-3064 (Smith, D-17; […]
Expand Angel Investor Tax Credit Program to Bolster High-Tech Business, NJBIA Says
The New Jersey Business & Industry Association today urged the Assembly to support extending the successful Angel Investor Tax Credit Program to holding companies making investments in high-tech businesses. “The Angel Investor Tax Credit Program has become tremendously successful at spurring investment in New Jersey startup companies,” said Andrew Musick, NJBIA’s vice president of Taxation […]