NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
Alan Sobel, managing member of the certified public accounting and consulting firm SobelCo, breaks down New Jersey’s new law providing small businesses with a workaround for the State and Local Income Tax (SALT) deduction limitations that were enacted as a result of the federal Tax Cut and Jobs Act of 2018. Sobel first wrote to […]
The Assembly Appropriations Committee approved legislation that would allow taxpayers a way to work around the new $10,000 federal cap on the State and Local Tax (SALT) deduction. Legislation to subsidize the state’s nuclear power plants was also approved. Property Tax Deduction, A-3499 (McKeon, D-27; Jasey, D-27)/S-1893 (Sarlo, D-36; Sweeney, D-3) Released by Assembly Appropriations Committee, […]
Gov. Phil Murphy is eyeing a federal tax reform workaround for New Jersey in the short term, and a long-term solution to the state’s property tax woes. Speaking at the New Jersey Conference of Mayors event in Trenton on Thursday, Murphy urged the Legislature to put forth a bill where towns and school districts can […]
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