NJ Spotlight News
Business Report: Corporate tax update
Clip: 1/13/2023 | 2m 31sVideo has Closed Captions
Business groups like what they hear from Murphy on corporate-business tax surcharge
Business groups are applauding Gov. Phil Murphy’s comments this week on Bloomberg TV that he may support letting the corporate-business tax surcharge sunset at the end of this year. The tax rate is currently 11.5%, the highest in the country. When the surcharge was introduced in 2018, it was supposed to be temporary, until the Legislature extended it through the end of this year.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Corporate tax update
Clip: 1/13/2023 | 2m 31sVideo has Closed Captions
Business groups are applauding Gov. Phil Murphy’s comments this week on Bloomberg TV that he may support letting the corporate-business tax surcharge sunset at the end of this year. The tax rate is currently 11.5%, the highest in the country. When the surcharge was introduced in 2018, it was supposed to be temporary, until the Legislature extended it through the end of this year.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS