Archive for Tag: CBT surcharge

DePhillips denounces Dems’ plan to extend corporate tax surcharge

TRENTON, N.J. – The top Democrat in the Senate last week suggested extending a corporate surtax during the lame duck session to fund NJ Transit, which Assemblyman Christopher DePhillips called predictable, but devastating for New Jersey’s economy. DePhillips, a longtime sponsor of legislation to cut the corporate business tax,...

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DePhillips renews calls to cut N.J. corporate tax to compete with Pa.

TRENTON, N.J. – Pennsylvania’s corporate tax cut must be a catalyst for change in New Jersey, says Assemblyman Christopher DePhillips. The lawmaker is calling on legislative leadership to prioritize his bill to lower New Jersey’s highest-in-the-nation 11.5% corporate business tax rate before companies, jobs and families move to the...

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