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Yellen: ‘Thorny questions’ for Treasury over limiting state tax breaks
The matter of how the Biden administration will restrict states from using corporate tax breaks if they receive federal COVID-relief aid will be contentious for the federal government as it hashes out the regulations implementing the law.
Murphy laments sluggish J&J vaccine roll-out
This week, the state got over 10,000 doses of the J&J shot, according to New Jersey Health Commissioner Judith Persichilli, followed by an expected 51,700 doses next week.
Murphy order would keep creditors from taking stimulus payments
“The American Rescue Plan is for the American people, not the banks and credit unions,” the governor said at a March 24 COVID-19 press conference in Trenton. “We want our residents to put those funds to use as they deem necessary.”
Booker staffer, National Action Network rep in as final CRC member
Charles Barke will replace William Wallace on the Cannabis Regulatory Commission, rounding out the five-member group and fulfilling the legal requirement that it include a representative from a civil rights organization.
U.S. Treasury head willing to work with Congress on lifting SALT cap
The provision was tucked into the Trump-era federal tax cuts in 2017 and limits homeowners from claiming more than $10,000 in state and local taxes when filing their income taxes each year.
Feds award $175M to Rowan, South Jersey health center
"This federal investment will ensure South Jersey communities have continued access to quality health care and higher education,” Senator Bob Menendez said.
Sweeney-backed pension bill draws ire of public worker union
“The idea that we would just find out about this bill on Friday morning… that it’s already in committee today without us having any ability to study something that is so impactful is very disconcerting to us,” incoming CWA-NJ State Director Franceline Ehret said.
Full Legislature to vote Thursday on $100M grants, tax breaks for COVID-hit business
Five bills include $25 million to microbusinesses – $35 million to bars and restaurants, $10 million to daycare, $15 million to arts and culture groups, and $15 million for other businesses and nonprofits.
Deadline extended for PPE subsidy program
Businesses with less than 100 employees interested in applying for the NJ Small and Micro Business PPE Access Program will now have two more months to submit applications.
Murphy defends ‘vaccine passport’ comments for NJ coming out of COVID
“Don’t get rid of the card, that’s likely to be something valuable… Laminate it and put it in your wallet,” Gov. Phil Murphy said. “There are lots of different potential uses for that, whether it’s going to a sporting event, getting on a plane.” Ultimately, he assured he would follow the guidance of the federal Center for Disease Control.
NJ to pause reopenings as COVID variants spread
The most recent data from the federal Centers for Disease Control showed the state had the highest rate of new cases across the country, double the national average.
Following IRS move, NJ extends tax deadline to May 17
“Our hope is that the extension gives taxpayers with difficult circumstances, including filings made more complicated by various relief programs and employment changes, the extra the time they may need,” Gov. Phil Murphy said.
