Gov. Murphy, legislative leaders agree on 2.5% tax on corporations to fund NJ Transit
NEW JERSEY (WABC) — New Jersey has a tentative agreement with the state’s most profitable companies to temporarily pay higher taxes to fund NJ Transit.Under the plan, the 600 corporations in the state that make at least $10 million a year in profits will pay a 2.5% tax on all earnings for five years.In return, … Read more