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SCOTUS rules in PennEast's favor on ability to seize state-owned land

SCOTUS rules in PennEast's favor on ability to seize state-owned land
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Lawmakers rush through sprawling tax break clean-up bill

Lawmakers rush through sprawling tax break clean-up bill
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Lawmakers propose $100M, tax breaks for COVID-hit business

Lawmakers propose $100M, tax breaks for COVID-hit business
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NJ businesses won't be taxed on paycheck protection loans

TRENTON In an effort to help New Jersey small businesses battered by the ongoing pandemic, Paycheck Protection Program loans will be tax exempt at the state level for the 2020 tax season.
Those who received the tax-exempt loans also are able to deduct business expenses paid for with the proceeds, state officials announced Tuesday.
Out of 155,851 PPP loans that New Jersey businesses received, nearly 134,000 of them were for amounts less than $150,000, totaling $4.6 billion, according to the governor s office.
Another 19,066 of the PPP loans received in New Jersey were for amounts of between $150,000 and $1 million each, totaling $6.6 billion.
Based on those figures, the remaining 2,824 PPP loans received by state companies totaled $6.1 billion, as the state received PPP loans that totaled $17.3 billion. ....

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