Yesterday, Governor Christie told business leaders he would not include a Corporate Business Tax (CBT) surcharge passed in 2006 in next year's budget.
The surcharge took a company's corporate tax liability and then added 4% to it. The tax increase was supposed to expire in Fiscal Year 2009, but was extended by Governor Corzine and the legislature as part of last year's budget. The governor's announcement helps ensure the surcharge will not be extended once again.
Paul Tyahla, vice president-government affairs for the Commerce and Industry Association of New Jersey in Paramus, said it could help attract companies thinking of relocating to the state.
“When a business makes a decision where to relocate, they need predictability,” Tyahla said. “A government that goes back on its word diminishes that predictability.”
Christie said undoing the corporate business tax surcharge will give businesses “more money for them to hire more people.”
We urge the governor and legislature to apply the same maxim when considering the extension of last year's income tax surcharge.
In the 19th century, factories in cities such as Paterson and Trenton helped to drive the Industrial Revolution. New Jersey's position at the center of the Northeast megalopolis, between Boston, New York City
Posted by: order viagra | April 19, 2010 at 04:09 PM
Oklahoma and Texas have separate highest courts for criminal appeals. New York state is notorious for its unusual terminology,
Posted by: generic cialis | April 21, 2010 at 03:26 PM
More income, more tax to pay.
Posted by: Mark | June 06, 2010 at 11:00 PM
I think this blog is pretty cool,it has a lot of good and interesting content aboutChristie Says CBT Surcharge Won't Come Back to Life,good for you I hope you can add more useful information and upgrade your site,I really like it
Posted by: Costa Rica cheap land for sale | July 20, 2010 at 06:08 PM