New Jersey’s Corporate Transit Fee
New Jersey Governor Phil Murphy has recently signed various tax bills as part of the annual budget process, including the imposition of a 2.5% corporate transit fee. 2.5% Corporate Transit Fee: SB 3513/AB 4704 imposes a 2.5% surtax, referred to as the Corporate Transit Fee (the “Fee”), on certain Corporation Business Tax (CBT) payers that have…
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