TAX


New Jersey
 

New Jersey's Angel Investor Tax Credit Has Increased

Posted: July 1, 2019
Looking to encourage investment into women and minority owned businesses, a bill to increase the Angel Investor Tax credit percentage by a taxpayer into a New Jersey emerging technology business from 10 to 20 percent of the qualified investment has been signed into law by Governor Phil Murphy.

Gov. Murphy Signs $38.7B Budget
 

Gov. Murphy Signs $38.7B Budget

Posted: July 1, 2019
Gov. Murphy signed a $38.7B budget for New Jersey that did not include an expansion of the millionaire's tax. He also line-item vetoed nearly $50 million in legislative spending.




Highlights of Opportunity Zone Tax Benefits
 

Highlights of Opportunity Zone Tax Benefits

Posted: March 20, 2019
The Tax Cuts and Jobs Act generally allows a deferral of capital gains that are reinvested in certain designated areas called Opportunity Zones. Learn what you need to know to qualify for this tax benefit.

Bill to Help Pass-Through Business Owners Passes Assembly Committee
 

Bill to Help Pass-Through Business Owners Passes Assembly Committee

Posted: March 19, 2019
A bill that would allow New Jersey flow-through entities to pay entity-level taxes on their net taxable income instead of having these individual business owners pay the New Jersey gross income tax passed the Assembly Appropriations Committee on March 18.



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

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