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New Jersey Introduces Tax Exemption to Boost Affordable...
New Jersey's recent tax exemption for materials, supplies, and services in affordable housing projects marks a significant leap forward in combating the housing crisis. This incentive aims to spur... Read More > -
New Jersey Introduces Accelerated Depreciation for...
New Jersey's new policy incentivizes affordable housing development through accelerated depreciation starting in 2025. The legislation defines affordable housing as units for households with incomes... Read More > -
New Jersey’s Adoption of the Federal Partnership...
The New Jersey Division of Taxation has adopted the federal centralized partnership audit regime, streamlining processes and compliance efforts. Partnerships must adjust to new protocols, including... Read More > -
New Reporting Rules for Grow NJ Credits in New Jersey...
The New Jersey Economic Development Agency (EDA) has amended reporting requirements for Grow NJ credits, effective April 1, 2024, to enhance transparency. Businesses must now submit annual reports... Read More > -
New Modifications to Motor Fuel Tax Formula: What You Need...
Recent legislative amendments, outlined in L. 2024, A4011 (c. 7), aim to boost revenue for infrastructure projects and promote eco-friendly transportation. The law sets escalating targets for... Read More > -
Empowering Communities: Unlocking Property Tax Exemptions...
As of March 20, 2024, municipal bodies may grant property tax exemptions to affordable housing units, fostering their development and preservation. Supported by state or municipal housing trust... Read More > -
New Jersey Lawmakers Approve Gas Tax Hike to Bolster...
New Jersey lawmakers have approved a gas tax hike to boost transportation funding, aiming to address infrastructure needs. The bill, A4011, raises the gas tax gradually over five years, generating... Read More > -
Navigating New Jersey’s Updated Retirement Income Tax ...
Ensuring a stable financial future is crucial, especially nearing retirement. Understanding tax implications is vital. New Jersey's Division of Taxation offers updated guidance on retirement income... Read More > -
Governor Murphy Proposes Corporate Transit Fee: What You...
Governor Phil Murphy's budget speech unveiled a bold plan: a corporate transit levy targeting big businesses. This initiative seeks to tackle transportation woes and broaden funding avenues. Set at... Read More >