How N.J.’s new state budget could affect your taxes ... - nj.com

Jun 28, 2024 · Murphy and state Senate President Nick Scutari, D-Union, suggested increasing the sales tax back to 7% during budget talks in an effort to raise more revenue, but that was nixed by state Assembly ...

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How N.J.’s New State Budget Could Affect Your Taxes ... - Nj.com

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Murphy Unveils $56B N.J. Budget With New Tax To Fund NJ ... - Nj.com

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Feb 27, 2024 · Gov. Phil Murphy on Tuesday unveiled a proposed $55.9 billion state budget that calls for a new tax on New Jersey’s largest corporations to help fund financially strapped NJ …

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NJ Gov Signs $56.6 Billion FY 2025 Budget Into Law

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Nov 5, 2024 · Find out how New Jersey’s new state budget could affect your taxes, pensions, and wallets. ... This tax is in addition to the state’s existing 9% corporate business tax rate, making …

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Governor Murphy Signs Fiscal Year 2025 Budget Into Law

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Jun 28, 2024 · With this budget, the State has increased overall K-12 support to New Jersey’s public schools by more than $3.5 billion over seven years, a more than 40 percent increase, all …

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A Closer Look At What's In New Jersey's Proposed $56.6 Billion …

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Jun 27, 2024 · TRENTON, N.J. (AP) — New Jersey lawmakers are poised to send a $56.6 billion fiscal year 2025 budget to Democratic Gov. Phil Murphy this week, hiking taxes on high …

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Governor Murphy Signs $50.6B Budget, Largest In State History

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Jun 30, 2022 · Gov. Phil Murphy signed the $50.6 billion state budget into law Thursday, a spending plan that includes the largest property tax relief program in over a decade, a full …

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Tax Hike Speeds Ahead In Late-night Vote On Record N.J. Budget

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Jun 27, 2024 · A 2.5% surtax — known as a “corporate transit fee” — on the 600 companies in New Jersey that make at least $10 million. It is slated to provide money to NJ Transit, the …

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NJ's $56.6 Billion Budget Signed Into Law By Murphy. Here's What …

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Corporate tax to fund NJ Transit. The budget includes the new corporate transit fee, which will implement a 2.5% tax on businesses in the state earning more than $10 million. The new fee …

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NJ Budget, Signed By Murphy, Largest In State History. What's In It

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Jun 29, 2021 · The NJ budget for 2022, with $46.4 billion in spending, is the largest yet. However the budget signed by Gov. Phil Murphy does not include new taxes.

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Budget - Nj.com

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Aug 1, 2024 · How N.J.’s new state budget could affect your taxes, pensions and wallets The $56B budget passed committees in both houses of the state Legislature late Wednesday. …

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Here’s What N.J.’s $46.4B Budget Could Mean For You And ... - Nj.com

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Jun 24, 2021 · The $46.4 billion state spending bill before the state Legislature includes tax relief that Gov. Phil Murphy and Democratic legislative leaders say will make New Jersey a more …

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FAQs about How N.J.’s new state budget could affect your taxes ... - nj.com Coupon?

Will New Jersey send a $56.6 billion budget?

New Jersey lawmakers are poised to send a $56.6 billion fiscal year 2025 budget to Democratic Gov. Phil Murphy this week, hiking taxes on high-earning businesses and funding a host of the state services and programs. (AP Photo/Matt Rourke, File) ...

Does New Jersey budget include new taxes?

Here's why Gov. Phil Murphy on Tuesday signed into law a $46.4 billion budget brimming with new spending and pet projects Democratic lawmakers tucked into the spending plan just before they approved it. The spending plan for the 2022 fiscal year, which begins July 1, is the largest budget in New Jersey history, yet it does not include new taxes. ...

Could your taxes rise as New Jersey budget talks heat up?

Your taxes could rise as N.J. budget talks heat up. This top Dem vows a fight. Gov. Phil Murphy (center) speaks at the New Jersey Statehouse in Trenton last year. Behind him are state Assembly Speaker Craig Coughlin (left) and state Senate President Nick Scutari (right). The three Democrats are negotiating a new state budget due June 30. ...

When does New Jersey need a balanced budget?

The state constitution requires a balanced budget to be enacted by July 1. New Jersey lawmakers are poised to send a $56.6 billion fiscal year 2025 budget to Democratic Gov. Phil Murphy this week, hiking taxes on high-earning businesses and funding for many state services and programs. ...

Will New Jersey send a $56.6 billion fiscal year 2025 budget?

(AP Photo/Matt Rourke, File) TRENTON, N.J. (AP) — New Jersey lawmakers are poised to send a $56.6 billion fiscal year 2025 budget to Democratic Gov. Phil Murphy this week, hiking taxes on high-earning businesses and funding for many state services and programs. ...

What is New Jersey's New budget?

Facing a deadline just days away, New Jersey lawmakers Wednesday night introduced and quickly began approving a record new $56.6 billion state budget that’s backed by a new tax hike on large companies, adds some funding for property-tax relief, and includes big spending on public schools and pensions. ...