Murphy hails new tax break law as investment in state’s …

Green light for state fund that will invest in NJ startupsEDA makes progress on tax-break fixes | NJ Spotlight NewsMove to expand tax breaks for film, digital producers - NJ Spotlight News

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NJ Gov Signs $56.6 Billion FY 2025 Budget Into Law

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Nov 5, 2024 · Governor Phil Murphy signed the new $56.6 billion state budget for New Jersey, which includes a significant tax increase on large corporations and substantial funding for …

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Murphy Approves $14B N.J. Tax Break Program Amid Opposition

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Jan 7, 2021 · New Jersey will usher in a new era of corporate tax breaks under a $14 billion program Gov. Phil Murphy signed into law Thursday. Murphy and state legislative Democrats …

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NJ Tax Breaks: Murphy Signs Giant $14.5 Billion Corporate Tax ...

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Jan 7, 2021 · Gov. Phil Murphy signed an expansive corporate tax break package Thursday with programs that authorize the state to award about $14.5 billion in tax incentives in coming …

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Phil Murphy 2025 Budget Speech Will Include 3.5B In NJ Tax Relief

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Feb 27, 2024 · Gov. Phil Murphy is expected to provide more than $3.5 billion in tax relief in the coming fiscal year that starts July 1, supporting his message that he is aiming to make New …

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NJ State Of The State: Murphy Touts Successes | NJ ... - NJ Spotlight …

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Jan 9, 2024 · Property-tax relief. Murphy suggested state-funded initiatives like the $2 billion Anchor property-tax relief program are making a difference for working families. He also …

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FAQs about Murphy hails new tax break law as investment in state’s … Coupon?

How much will Murphy spend on property tax relief?

Murphy said about half of the spending plan — $27 billion — “will provide property-tax relief,” whether directly or indirectly. “This is a budget that will put the needs of our families ahead of special interests,” he said. ...

Will Phil Murphy make New Jersey more affordable?

Gov. Phil Murphy is expected to provide more than $3.5 billion in tax relief in the coming fiscal year that starts July 1, supporting his message that he is aiming to make New Jersey more affordable for families. ...

Why did Murphy propose a tax-incentive fund?

Murphy, a second-term Democrat, first proposed the tax-incentive fund in October 2018, as he put forward a broader plan to reform the state’s economic-development tax-incentive programs. ...

Did Murphy approve a transit tax plan?

The full Assembly approved the bill 55-22 and the Senate 27-13 on Friday. Both votes were largely along party lines, though a handful of Republicans voted yes. Murphy called a press conference shortly thereafter to say he would approve the plan and announced just before midnight that he signed it, two days before the deadline. TRANSIT TAX ...

How much property tax relief is included in the FY2025 budget?

Building on efforts to make the Garden State more affordable for residents and families, the FY2025 budget includes more than $3.6 billion for direct property tax relief. ...

How much more is Murphy's budget compared to the current budget?

The plan is also $2.3 billion more than the current budget Murphy signed last June. Republicans, the minority party in the Legislature, took aim at Democrats for another budget that relies on deficit spending and drawing money from the budget’s $6.16 billion surplus fund. Some of the partisan criticism got personal. ...