In past years, the taxation policy committees of the New Jersey Business & Industry Association (NJBIA) and the New Jersey State Chamber of Commerce have proposed a number of important recommendations to improve the state’s business climate by inspiring business confidence, encouraging investment, economic growth and creating jobs. These recommendations are designed to help make […]
Taxation Issue Report
Gov. Murphy Takes Action on Pending Legislation
Earlier today, Governor Murphy took action on a number of bills. He issued a conditional veto on the following pieces of legislation: A-4262/S-2795 (Pintor Marin/Sweeney) – Decouples certain provisions of corporation business tax from Internal Revenue Code; alters dividends received deduction; revises tax base of surtax on corporation business income; repeals tax on certain dividends. As you […]
UEZ Extension Legislation Heads to Governor’s Desk
Yesterday, S-846, supported by NJBIA, was approved by the Senate (28-4) and the Assembly (54-19-0), and now heads to the Governor’s desk. Under the bill, the former UEZs in Bridgeton, Camden, Newark, Plainfield and Trenton would be reinstated, and the remaining UEZs scheduled to expire prior to December 31, 2023 would be extended through the […]
FY 2019 Public Hearing Budget Testimony
Over the course of the past two weeks, I testified before both the Senate and Assembly Budget Committees, as they conducted public hearings on Governor Murphy’s FY 2019 Budget proposal. The public hearings are held annually throughout the state, as lawmakers examine the Governor’s proposed budget and tax priorities for FY 2019. To view a […]
FY 2019 Budget Address Recap Webinar
Frank Robinson and I will recap on the “NJBIA – Live from the State Capitol” webinar tomorrow, Thursday, March 29 at 11 a.m. Frank and I will discuss some of the key provisions outlined at the Governor’s FY 2019 Budget Address. Please keep in mind, the “NJBIA – Live from the State Capitol” webinar series […]