NJ TRANSIT

Essex County Commissioner Brendan Gill Announces Support for Corporate Transit Fee – Insider NJ

by
Essex County Commissioner Brendan Gill Announces Support for Corporate Transit Fee - Insider NJ

– Essex County Commissioner Brendan Gill announced support for the Corporate Transit Fee.
– The fee would fund NJ Transit by taxing corporate profits over million.
– The Essex County Board of Commissioners adopted a resolution urging the enactment of the Corporate Transit Fee.
– The fee would only affect the 600 wealthiest corporations and would help avoid fare hikes and service reductions for public transportation.

Livingston Chamber Criticizes Proposed NJ Business Tax Hike

by
Livingston Chamber Criticizes Proposed NJ Business Tax Hike

The Livingston Chamber of Commerce opposes a proposed 2.5 percent tax hike on high-earning businesses in New Jersey, which would fund NJ Transit.

Gov. Phil Murphy’s corporate tax to fund NJ Transit should be derailed

by
Gov. Phil Murphy’s corporate tax to fund NJ Transit should be derailed

Fact: Trenton lawmakers are considering a new tax on businesses to fund NJ Transit, proposed by Gov. Phil Murphy.

Murphy wants business tax to aid NJ Transit. Business group says use sales tax revenue

by
Murphy wants business tax to aid NJ Transit. Business group says use sales tax revenue

NJ Transit’s board approved a fare increase of 15% on July 1 and 3% every year after that.

Corporate Taxes And Public Transportation: Debate Rages In New Jersey

by
Corporate Taxes And Public Transportation: Debate Rages In New Jersey

New Jersey is considering raising taxes on businesses that earn more than million per year to create a dedicated funding source for NJ Transit, which is facing a financial shortfall. Business lobbyist groups are pushing against the proposal, arguing that it could lead to companies leaving the state or making investments elsewhere. Advocates for the tax increase argue that it would only apply to the top 1 percent of corporate filers and that these companies have benefited from tax cuts in the past.

Murphy wants corporate tax to help NJ Transit, but business leaders say raise sales tax

by
Murphy wants corporate tax to help NJ Transit, but business leaders say raise sales tax

NJ Transit’s board approved a fare increase of 15% on July 1 and 3% every year after that.

Businesses will leave NJ if they face more corporate taxes — even to bail out NJ Transit

by
Businesses will leave NJ if they face more corporate taxes — even to bail out NJ Transit

Fact: Gov. Phil Murphy proposed a new state budget that would retroactively increase the state’s Corporate Business Tax, promising that the increase would only be temporary.

Opinion: Why do you pay higher taxes than Citibank? – New Jersey Globe

by
Opinion: Why do you pay higher taxes than Citibank? - New Jersey Globe

– Millions of Americans file their tax returns by April 15 as a civic responsibility
– Giant corporations like Nike and FedEx find ways to pay less in taxes despite earning record profits
– New Jersey is proposing to reverse a corporate tax cut for companies making over million in annual profits
– Many large corporations pay lower tax rates than the average household, with some even avoiding taxes entirely
– Corporations use tax avoidance strategies to hoard wealth for shareholders and executives
– New Jerseyans oppose the expiration of a Corporate Business Tax surcharge on profitable corporations to help pay for NJ Transit
– States need to challenge corporate tax avoidance and invest in core infrastructure
– Corporations prioritize maximizing profits over the public good through tax avoidance
– New Jersey legislators are urged to reinstate the full surtax on profitable mega corporations and close tax loopholes to ensure corporations pay their fair share in taxes.

Time to Derail NJ TRANSIT Tax Talk

by
Time to Derail NJ TRANSIT Tax Talk

The governor of New Jersey broke his pledge by resurrecting a Corporation Business Tax surcharge under a new name to fund NJ TRANSIT as part of his billion FY25 state budget proposal.