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Time to Lower the New Jersey’s Corporate Business Tax

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the staff of the Ridgewood blog

Holmdel NJ,  in what has become an unfortunate annual occurrence, New Jersey has yet again ranked dead last when it comes to a healthy business environment according to the Tax Foundation’s 2023 State Business Climate Index. To help change course, longtime small business advocates Assemblyman Gerry Scharfenberger and Assemblywoman Victoria Flynn (Monmouth – R’s) have introduced new legislation (A4907) that will lower New Jersey’s Corporate Business Tax (CBT) as well as end the Business Surcharge Taxes that limit potential growth:

Continue reading Time to Lower the New Jersey’s Corporate Business Tax