Governor Murphy Takes Action on Legislation
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Governor Murphy Takes Action on Legislation
09/29/2020
A-10/S-2949 (Coughlin, Giblin/Addiego, Greenstein) – Increases gross income tax rate from 8.97 percent to 10.75 percent on income between $1,000,000 and $5,000,000, and provides up to $500 tax rebate to eligible taxpayers
A-4721/S-2934 (Sumter/Sweeney) – Imposes CBT surtax at rate of 2.5 percent until December 31, 2023
A-4722/S-2935 (McKeon/Pou) – Increases annual assessment on net written premiums of HMOs to support charity care from three percent to five percent in FY 2021
S-2178/A-3292 (Vitale, Rice/Vainieri Huttle, Reynolds-Jackson, Jasey) – Repeals family cap in Work First New Jersey program
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