NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
A new Tax Foundation study finds New Jersey once again ranks third in the nation in states that rely on their property taxes for their overall tax collections. The study finds that New Hampshire and Alaska relied most heavily on property taxes, accounting for 63.8% and 45.6% of their tax collections in FY2018 – the […]
New Jersey ranks among the worst states in the nation for high property taxes, according to the Tax Foundation, which recently took a deeper dive into this component of its overall 2021 State Business Climate Index rankings. For the third year in a row, New Jersey ranked No. 46 in the property tax category, an area that is particularly important to the […]
The New Jersey Business & Industry Association today testified in favor of four fiscal reform bills designed to lower the cost of local governments as part of a wide-ranging plan to fix New Jersey’s government finances. Between them, the Senate and Assembly appropriations committees will consider legislation involving curriculum at K-8 school districts, sharing services […]
Homeowners could get around the new $10,000 cap on property tax deductions on their federal tax returns by turning them into charitable contributions. At least that’s the plan behind a bill approved by the Senate yesterday. Legislation on interstate tax agreements and Urban Enterprise Zones also saw action. Property Tax Deduction Senators voted 28-9 to […]
NJBIA today joined with 14 other organizations calling for legislation to cap salary awards for public employees, calling it critical to controlling increases in property taxes. A law imposing a 2 percent cap on the salary increases granted to municipal and county employees under binding interest arbitration awarded by third-party mediators is set to expire […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
