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Post details: New Jersey --Multiple Taxes: Governor Signs State Spending Plan
07/01/09
New Jersey --Multiple Taxes: Governor Signs State Spending Plan
CCH (cch.taxgroup.com) reports:
The $29 billion state budget signed by New Jersey Gov. Jon S. Corzinebudge on June 29, 2009, imposes additional corporation (business) taxes (CBTs) and personal income taxes; increases taxes on cigarettes and alcohol, except beer; and eliminates property tax rebates for certain individuals. The budget includes funding that is dependant upon the passage of separate legislative measures, as indicated, below. A.B. 4102, A.B. 4103, and A.B. 4104 also were signed by the governor on June 29, 2009.
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