NJCPA, Others Oppose Proposed Business Tax Increases

As part of the New Jersey Business Coalition, the New Jersey Society of CPAs and dozens of other organizations sent a letter to members of the New Jersey Legislature to voice our opposition to Governor Murphy's proposed billion-dollar business tax increase.

The proposed corporate transit fee is a permanent 2.5% tax on corporations with more than $10 million in earnings. Nearly 80% of the NJCPA members we recently surveyed oppose the fee, citing that it will cause businesses to leave New Jersey.

See also:

• Read the letter
• NJ Business Coalition Urges Legislature to Reject New Tax Increases on Business