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The Corporate Transit Fee is not only a tax increase on businesses, but a tax increase that will be used to fund services South Jersey desperately wants and needs but has minimal access to.
Controversial New Tax On Rich Corporations Proposed In New Jersey - Montclair, NJ - NJ Transit needs money. Should it come out of the pockets of train and bus riders – or the wealthiest businesses in the state?
(Bloomberg) -- New Jersey Governor Phil Murphy is proposing a tax hike on the state’s biggest businesses to support its struggling public transportation system, a move that would make its corporate levy the highest such rate in the country.Most Read from BloombergApple Cancels Work on Electric Car, Ending Decadelong EffortA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersNigeria Delivers Jumbo Rate Hike to Aid Its Batt
Read the full text of Gov. Phil Murphy's prepared remarks for his fiscal year 2025 budget address, delivered Feb. 27, 2024 at the Statehouse.