the staff of the Ridgewood blog
Trenton NJ, Assembly Republicans are walking to their talk of cutting the corporate business tax to make the state more business friendly. Assemblymen Christopher DePhillips and John DiMaio are introducing a bill (A3754) with Assemblywoman Serena DiMaso that would gradually cut the rate to a flat 2.5 percent.
“The reason we need a tax incentive program to attract businesses is because taxes are too high,” said DePhillips (R-Bergen). “The simple answer is to lower the rate to a point that makes New Jersey more attractive financially than other states.”
Continue reading NJ Assembly Republicans Push Bill to Cut State Corporate Income Taxes