TAX





U.S. Supreme Court Overrules Longstanding Sales Tax Nexus Requirements
 

U.S. Supreme Court Overrules Longstanding Sales Tax Nexus Requirements

Posted: July 3, 2018
On June 21, 2018, a highly anticipated U.S. Supreme Court decision overturned longstanding multi-state nexus rules requiring that a “physical presence” test be met in a state before that state could require an out-of-state business to collect and remit sales tax.


Governor Murphy Signs New Jersey Budget
 

Governor Murphy Signs New Jersey Budget

Posted: July 2, 2018
Late in the evening of July 1, Governor Murphy signed the fiscal year 2019 budget after long negotiations with state legislators. The final budget includes increases in the corporate business tax and the income tax rate on taxpayers earning more than $5 million.




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