NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
Senate President Steve Sweeney on Friday introduced a bill, strongly supported by NJBIA, that would provide tax credits to businesses that employ the developmentally disabled. The legislation would allow a credit against corporation business tax liability or gross income tax liability of 10% of the salary and wages paid to an employee with a developmental […]
NJBIA testified on Thursday in support of two COVID-19 tax relief bills, including legislation that would make sure New Jersey businesses that received federal assistance under the Paycheck Protection Program (PPP) will not have to pay state income taxes on their loans, even if those loans are forgiven. In testimony before the Senate Budget & Appropriations Committee meeting, NJBIA Vice President of Government Affairs Christopher Emigholz pointed […]
The Senate has advanced a bill, supported by NJBIA, that would offer tax incentives to New Jersey manufacturers who produce personal protective equipment, including coveralls, face shields, gloves, gowns, masks, respirators and other equipment designed to prevent the spread of COVID-19. The bill, S-3015 sponsored by Senate President Stephen Sweeney (D-3) and Senator Linda Greenstein (D-14), would create a three-year incentive program […]
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New Jersey Business & Industry Association
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