Category: Taxes

ECONOMY CRUSHER: Democrats weigh highest-in-America tax on N.J. businesses

TRENTON, N.J. – New Jersey Democrats are eyeing another dubious “first” for the Garden State this week. On Tuesday, the Democrat-controlled Senate and Assembly Budget Committees respectively advanced S-2746/A-4202, legislation designed to increase New Jersey’s corporate tax rate. The full New Read More

N.J. Democrats block income tax marriage penalty repeal

TRENTON, N.J. – New Jersey currently imposes an income tax penalty on Middle Class families earning under $70,000.  During Thursday’s session, Morris County Assemblyman Anthony Bucco’s legislative effort to remove the tax penalty was blocked by Democrats who control the legislature. “The Read More

Murphy conditionally vetoes Hollywood tax credit; calls for urban N.J. reality TV show?

TRENTON, N.J. — A multi-million dollar tax credit package purportedly designed to generate film industry activity in New Jersey, passed both houses of the Democrat-controlled state legislature on April 12th, was vetoed by Governor Phil Murphy on Wednesday. Click here to view Read More