Read more about the current Greenbook proposals. ...
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New Jersey Governor Phil Murphy recently signed legislation that enacted numerous, and significant, income tax changes for both corporate and individual taxpayers. Following are some key takeaways:
Corporation Business Tax
Individual Income Tax
In addition, the legislation also calls for the Division of Taxation to offer an amnesty program for unpaid taxes originally due on or before February 1, 2009 through September 1, 2017. The Division will provide participants with 50% relief on interest and 100% relief on penalties, collection costs and recovery fees. The actual dates are to be determined, but the program will run for 90 days, and end on or before January 15, 2019.
If your business operates in New Jersey, or you otherwise derive income from New Jersey sources, and have questions about how the new laws may affect your New Jersey income tax liability, please contact a member of our State and Local Tax group.
Read more about the current Greenbook proposals. ...
Learn more about the regional and national supply chain implications of the Baltimore Key Bridge collapse. ...
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