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No Tax Increases, but Plenty of Spending
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No Tax Increases, but Plenty of Spending
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No Tax Increases, but Plenty of Spending
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Magazine Article
No Tax Increases, but Plenty of Spending
2019
Overview
[...]the closest they came to changing the tax code was to expand the Angel Investor Tax Credit program, which NJBIA supports because it provides greater incentives for investors in qualified innovation-based businesses. NJBIA has continually raised concerns about being able to sustain this level of spending, particularly when the state's public employee pension liability and post-employment benefit obligation has grown to more than $151 billion. [...]the state maintains the top Corporate Business Tax rate, income tax rate, sales tax rate and property tax rate in our region and is among the highest in these categories nationwide.
Publisher
New Jersey Business & Industry Association
Subject
