Recap of the Final NJ Budget for FY 2019

On Sunday evening, lawmakers approved a series of tax increases, many of which will impact businesses, to fund the FY 2019 NJ budget ($37.4 billion) that was signed into law.  Most notably, the budget deal comes with an increase in the corporate business tax, the inclusion of combined reporting and an increase in the income tax rate for those making more than $5 million per year. (Read More)

Related Articles: