Archive for Tag: CBT surcharge

DePhillips bill eliminates CBT surcharge, keeps businesses in NJ

TRENTON, N.J. – The state can no longer afford the negative consequences of the massive corporate business tax. Assemblyman Christopher DePhillips’ bill (A5152) would immediately eliminate the 2.5 percent CBT surcharge that was levied on businesses earning over $1 million last year. “Trenton is addicted to taxing and spending...

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