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.




Expired New Jersey UEZs Have Been Reinstated
 

Expired New Jersey UEZs Have Been Reinstated

Posted: May 31, 2018
Legislation to reinstate until Dec. 31, 2023, each urban enterprise zone that has expired — Bridgeton, Camden, Newark, Plainfield and Trenton — and require a report on the effectiveness of the program has been signed into law.

On the Move: Change of Domicile
 

On the Move: Change of Domicile

Posted: May 16, 2018
Domicile is important in determining a client’s primary state of residence for income and estate tax purposes. For income tax purposes, resident individuals are taxed on their worldwide income by their domiciliary state. Find out more.


The State Taxation Interest Group provides an open forum for members to discuss and learn about NJ state taxation issues.

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