NJBIA Asks: Will $1B Tax on Business Actually Go Only To NJ TRANSIT?

NJBIA Asks: Will $1B Tax on Business Actually Go Only To NJ TRANSIT?

While news broke over the weekend that Gov. Phil Murphy and legislative leaders agree that the FY25 State Budget will include a 2.5% Corporate Transit Tax, many critical questions remain for New Jersey’s business community.  This week, NJBIA looks at just a few of them that will need to be answered before the budget is … Read more

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

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.