- 2018-06-28
- NJBIZ
The New Jersey Chamber of Commerce wants to cap dividends taxation at $5 million per legal entity.
If the state does implement a new corporate business tax as proposed by legislative leaders, the cap on dividend taxes would minimize the CBT’s adverse effects, according to the Chamber.
- 2018-06-28
- NJ Chamber Press Office
As the state budget discussions in Trenton continue, the New Jersey Chamber of Commerce is on record as opposing several proposed tax increases, including the Corporation Business Tax (CBT) and the millionaire’s tax. However, as indicated clearly in Senate President Sweeney’s press conference yesterday, some form of tax increases will be part of the fiscal year 2019 budget.
- 2018-07-02
- ROI-NJ Op Ed
The budget has been passed and the negotiations were dynamic. The end result will be very costly and extremely challenging for the business community. However, we must move forward. It is now time to do so with resolve, diligence and expediency.
- 2018-06-20
- Insider NJ
Tom Bracken, president of the New Jersey Chamber of Commerce, Trenton recognizes the reality of a tax hike in the incipient 2019 State Budget, but he wants lawmakers to consider the development of what he calls an economic master plan to avoid a repetition of the state’s current downbeat circumstances.
- 2018-06-20
For the past two days, the State Chamber has been in discussions with members of the state Assembly and Senate about the upcoming budget.
In testimony before the budget committees of both houses yesterday, I spoke against an increase in the Corporation Business Tax (CBT), clearly describing how the increase would negatively impact New Jersey's affordability and competitive standing, how it would exacerbate our outmigration problem and not bode well for New Jersey's future economic growth.
- 2018-06-19
The state Department of Environmental Protection, under Gov. Phil Murphy, will push for more clean energy, seek maximum funding for repairing the state’s drinking water infrastructure, and preserve a system - implemented under Gov. Christie - for quick decision-making on building permits.
- 2018-06-18
- ROI-NJ
Tim Lizura will be leaving the New Jersey Economic Development Authority, ROI-NJ has learned.
In an email sent to the EDA staff on Monday, Lizura said the July board meeting will be his last, ending a 22-year career with the organization.
- 2018-06-18
- ROI-NJ
Sweeney, Coughlin offering proposal to raise tax to 11.5 percent (for small companies) and 13 for large (more than $25M in revenue)
- 2018-06-07
- NJ Advance Media for NJ.com
Last Friday started with a tense morning meeting between top aides from the governor's office and from the Senate and Assembly Democratic offices. Words were exchanged. Doors were slammed.
- 2018-05-30
We support Gov. Murphy’s signing of the Zero Emissions Certificate legislation (nuclear energy bill), designed to maintain New Jersey’s nuclear energy supply. It is important to the state’s overall energy strategy to ensure we have reliable, resilient and affordable energy for citizens and businesses in New Jersey. Of all the options available, this legislation best accomplishes that goal. In addition, this legislation protects thousands of jobs that are vital to the Southern New Jersey economy.