Legislative Action Center

 

NJCPA Legislative Priorities

Below is the key legislation the NJCPA is tracking. Click each item for further information.

  • Implement a cap on appeal bonds

  • Change the due date of New Jersey transfer inheritance tax payments

  • Provide IRC Section 1202 incentives at the state level in New Jersey

  • Encourage local governments to use shared services and consolidations

  • Require businesses with information technology contracts with the state to install software to track time worked

  • Create New Jersey Revenue Advisory Board

  • Simplify the New Jersey Annual Comprehensive Financial Report (ACFR)

  • Index New Jersey income tax brackets to inflation

  • Provide relief to the Unemployment Insurance Trust Fund

  • Taxation of remote workers

  • Create assistance program for socially/economically disadvantaged businesses

  • Change BAIT statute to provide more favorable tax treatment for certain S corporations

  • Decouple New Jersey cannabis companies from IRC Section 280E

  • Protect banks and insurers doing business with cannabis companies from state regulators

  • Modify provisions of the CBT, GIT and Uniform Tax Procedure Law

  • De facto ban on restrictive covenants for employment contracts

  • Require New Jersey’s professional boards to report progress on processing license applications

  • Provide tax credits to small businesses to offset increase in UI Fund contributions

  • Speed up professional licensing process SUPPORT A5283, S3939

  • Increase exposure to abusive consumer contract lawsuits

  • Change sexual harassment laws

  • Allow 20% deduction for certain business owners

  • Require registration of private education lenders; establish protections for private education borrowers

  • Educate high school students about student loan debt

  • Extend the school audit deadline

 

Questions? 

Contact Jeff Kaszerman at jkaszerman@njcpa.org or 862-702-5610.

Do You Know a New Jersey Legislator?

The NJCPA plays a critical role protecting the CPA profession in the New Jersey Legislature. No group has more impact on your ability to practice your profession than the Governor and the members of the Legislature. One of the most powerful methods we use to influence this group is through direct contacts made by CPAs who have existing relationships with a lawmaker(s). 

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