NJBIZ

Jun 21, 2012

Legislature scheduled to act on series of business-related bills

Bills that would reorganize the state's universities and provide for $750 million in bonds to pay for college construction were among those scheduled for voting in the state Senate this afternoon.

Jun 21, 2012

Millionaire’s tax on agenda, but business expects Christie to wield veto pen

New Jersey residents with more than $1 million in annual income would see a tax increase under a bill set to advance in both houses of the state Legislature, but Gov. Chris Christie is expected to veto the measure if it passes.

Jun 21, 2012

N.J. employers to receive share of 7.5M in insurer reimbursements

New Jersey employers enrolled in large- and small-group health insurance plans will receive a share of $7.5 million in reimbursements from insurers that failed to spend at least 85 percent of premiums on medical care and quality in 2011, according to an announcement from the U.S. Department of Health and Human Services.

Jun 20, 2012

Federal tax cut extension would be welcome news to business owners

If all the George Bush-era tax cuts are extended under the Congressional Republicans' proposal, New Jersey's highest earners would pay significantly less taxes in 2013, while middle- and low-income taxpayers would pay nearly the same amount they do today, according to an analysis today released by the Institute on...

Jun 20, 2012

Expert Higher campaign contribution limits may pressure businesses to donate more

A plan by New Jersey's campaign finance watchdog commission to raise contribution thresholds for 2013 gubernatorial candidates could result in added pressure on business groups to donate more, an election expert said.

Jun 19, 2012

SBA reports surge in N.J. lending activity in 2012

Small businesses in New Jersey are having more success getting loans backed by the U.S. Small Business Administration, according to new data released by the agency's New Jersey district office.

Jun 19, 2012

Bond referendum measure moves forward

Legislation to invest nearly $1.3 billion into expansions and upgrades at New Jersey's higher education institutions cleared the state Senate Budget and Appropriations Committee on Monday, though more than half of the bonds would be issued only if approved by voters in November.

Jun 15, 2012

State revenue increased 15 percent in May from 2011

New Jersey's state government collected 15 percent more in tax and other revenue in May than it did a year earlier, Treasurer Andrew Sidamon-Eristoff announced Friday.

Jun 15, 2012

Business groups pan millionaire’s tax, see hope for tax cut compromise

Business advocates had equally strong reactions to two tax proposals from Democratic legislators that emerged on Thursday: in favor of tax cuts and opposed to a millionaire's tax.

Jun 14, 2012

Senate committee reviewing higher education reorganization

A bill that would overhaul higher education in the state could advance in the Legislature today.

Jun 13, 2012

Unions push bill to end incentives for companies that send jobs overseas

A bill that would penalize companies that ship New Jersey call-center jobs overseas is expected to go before the state Senate's Economic Growth Committee on Thursday, having passed the Assembly in March.

Jun 12, 2012

Tax Foundation Millionaire’s tax will curb economic growth

As New Jersey legislators continue to push conflicting versions of a tax cut proposal under the looming June 30 budget deadline, a new study by the nonpartisan Tax Foundation shows a plan by Assembly Democrats to use a so-called "millionaire's tax" to fund a tax credit would hinder economic growth in the state.