NJ PASSES FISCAL YEAR 2025 BUDGET
On June 28, 2024, Governor Murphy signed the Fiscal Year 2025 Budget. A few highlights in the $56.7 billion budget include: Corporate Transit Fee (CTF) which is a 2.5% tax on corporations with over $10 Million in profits. This new tax is retroactive to January 1, 2024 and is intended to provide funding for NJ Read More…