TAX



Controversial CBT Clean-Up Bill Signed Into Law
 

Controversial CBT Clean-Up Bill Signed Into Law

Posted: October 5, 2018
Legislation that was intended to “clean up” New Jersey's new corporate business tax bill was signed into law with provisions vehemently opposed by the NJCPA and other business groups.



Tax Incentives and Credits for New Jersey C Corporations
 

Tax Incentives and Credits for New Jersey C Corporations

Posted: September 14, 2018
Manu­facturing C corporations doing business in New Jersey are benefiting the most from the Tax Cuts and Jobs Acts (TCJA) because the corporate income tax paid to New Jersey, or any other state where the company conducts business, is deductible on its federal tax return. This may or may not be the case for flow-through entities.

New Jersey Offshore Voluntary Compliance Initiative Closing Nov. 1
 

New Jersey Offshore Voluntary Compliance Initiative Closing Nov. 1

Posted: September 13, 2018
The New Jersey Department of the Treasury, Division of Taxation, is closing its Offshore Voluntary Compliance Initiative on Nov. 1, 2018. This corresponds with the closing of the IRS Offshore Voluntary Compliance Program on Sept. 28, 2018.

A New Standard for Sales and Use Tax Nexus?
 

A New Standard for Sales and Use Tax Nexus?

Posted: September 12, 2018
The U.S. Supreme Court’s decision in June to vote in favor of South Dakota in South Dakota v. Wayfair shines new light on sales and use tax nexus, which has become an increasingly complex topic.

New Jersey Enacts Surcharge on Ride-Sharing Services
 

New Jersey Enacts Surcharge on Ride-Sharing Services

Posted: August 27, 2018
The New Jersey Division of Taxation has issued guidelines for the new prearranged ride surcharge that was approved in the fiscal 2019 New Jersey budget. The surcharge goes into effect on Oct. 1.

Proposed Regs Issued on Charitable Contributions and SALT Credits
 

Proposed Regs Issued on Charitable Contributions and SALT Credits

Posted: August 23, 2018
Today the U.S. Department of the Treasury and the IRS issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.

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