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Business Report: Corporate business tax surcharge

New report finds surcharge is only paid by the top 2% of businesses in the state

Aired 02/22/2023

NJ Spotlight News

Business Report: Corporate business tax surcharge

Clip: 2/22/2023 | 3m 10sVideo has Closed Captions

New report finds surcharge is only paid by the top 2% of businesses in the state

As you may recall last month Gov. Phil Murphy expressed his support for letting the 2.5% surcharge sunset at the end of this year and business groups want to see that happen. But New Jersey Policy Perspective says if the surcharge goes away, the state would lose out on hundreds of millions of dollars in annual revenue.

Aired 02/22/2023

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NJ Spotlight News is a local public television program presented by THIRTEEN PBS

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