Legislative Action Center

New Research Reveals True Weight of Student Debt

Posted: August 12, 2019
Some student loan borrowers spend more on their loan payments than on necessities such as fuel, according to a report by JPMorgan Chase Institute.

Amended Law Eases Taxation on Certain Shore Rentals

Posted: August 12, 2019
Gov. Phil Murphy signed legislation amending the transient accommodations law enacted last summer. The action narrows the scope of rentals that are subject to taxation.

Wage Theft Bill Signed Into Law

Posted: August 6, 2019
New Jersey businesses now face criminal penalties for failing to pay the wages owed to their employees thanks to legislation signed into law today by Acting Governor Shelia Oliver. However, the law would subject employers to criminal penalties for what are honest mistakes attributable to the legal complexities of New Jersey’s wage and hour law.

NJCPA Calls on New Jersey’s U.S. Senators and Representatives to Support Practitioner Services Division at IRS

Posted: July 16, 2019
This past May, several hundred CPAs from across the nation met with Members of Congress to ask for their support of consolidating existing IRS units into a Practitioner Services Division so that taxpayer issues are more efficiently resolved. These efforts proved effective – IRS Commissioner Rettig announced last week that he is considering the creation of a Practitioner Services Division, saying he understands the need for such a unit.​

Attention Small Businesses: Are You Ready for the NJ Family Leave Act?

Posted: July 5, 2019
If you have 30 to 49 employees, you could find yourself dealing with a new state law in the near future.

Do You Have a Relationship with Any of These Lawmakers?

Posted: July 2, 2019
One of the most powerful methods the NJCPA uses to influence New Jersey lawmakers is through direct contacts made by CPAs who have existing relationships with a lawmaker.

New Jersey's Angel Investor Tax Credit Has Increased

Posted: July 1, 2019
Looking to encourage investment into women and minority owned businesses, a bill to increase the Angel Investor Tax credit percentage by a taxpayer into a New Jersey emerging technology business from 10 to 20 percent of the qualified investment has been signed into law by Governor Phil Murphy.

Gov. Murphy Signs $38.7B Budget

Posted: July 1, 2019
Gov. Murphy signed a $38.7B budget for New Jersey that did not include an expansion of the millionaire's tax. He also line-item vetoed nearly $50 million in legislative spending.

The NJCPA plays a critical role protecting the CPA profession in the New Jersey Legislature. No group has more impact on your ability to practice your profession than the Governor and the members of the Legislature. One of the most powerful methods we use to influence this group is through direct contacts made by CPAs who have existing relationships with a lawmaker(s). If you have a relationship with any New Jersey lawmaker, please contact Jeff Kaszerman at 973-226-4494 x210 or jkaszerman@njcpa.org.