The Department of the Treasury reported October revenue collections were above targeted growth, with collections for the major taxes totaling $2.639 billion, up $361.9 million, or 15.9% above last October. Year-to-date, total collections of $8.781 billion are up $784.4 million, or 9.8% above the same period last year. According to Treasury, “The Corporation Business Tax […]
Taxation and Economic Development
Division of Taxation Issues Clarification Regarding TB-92
The Division recently issued a clarification regarding TB-92, after part of the Technical Bulletin led to misinterpretation of the Division’s intent. While they plan on issuing a revised Technical Bulletin soon, the Division offered clarity on a few points. The points of clarification issued by the Division can be found below: “First, while FDII has […]
An Insider’s View of How Businesses Decide Where to Expand
As the talk at the recent State of New Jersey Manufacturing event turned to New Jersey’s business climate and the need for manufacturers to get more involved in setting policy, Hugh Welsh was listening carefully. Welsh is the president and general counsel of the global health, nutrition and sustainable living company DSM North America and […]
NJBIA Statement on Governor’s State of the State Address
New Jersey Business & Industry Association President CEO Michele N. Siekerka issued the following statement regarding today’s State of the State address by Gov. Phil Murphy. “As we move into 2019, it is important that Governor Murphy’s path to a ‘stronger and fairer’ economy and a more affordable New Jersey not be paved with added […]