NJBIA testified Wednesday in support of legislation to ensure by statute that New Jersey businesses that received federal assistance under the Paycheck Protection Program (PPP) will not have to pay state taxes on their loans, even if those loans are forgiven. The bill, A-5149, sponsored by Assembly Majority Leader Lou Greenwald (D-6), would also allow […]
NJBIA-Supported Tax Relief Bill for Businesses with PPP Loans Advances to Assembly
Feb24,2021
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