New Jersey Small Business News

State of the State Pledge: "absolutely no new taxes," Gov. Murphy Later Says He Will Allow the Corporate Business Tax (CBT) Surcharge to Sunset at the End of 2023 >>

At present, New Jersey has the highest CBT in the country. State of the State Pledge:

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NFIB Reacts to Gov. Murphy State of State Address >>

"The Governor failed to address the reality that businesses are being forced to contribute over one billion dollars to the Unemployment Compensation Trust Fund, which was depleted by the pandemic, unlike in the majority of other states that dedicated federal COVID relief money to their unemployment shortfall." NFIB Reacts to Gov. Murphy State of State Address