We still have work to do!
The next steps, now that Governor Murphy has signed the bill, is for Treasury to publish the “Guidance” on the new law.
Much like when the original tax law was passed last Summer, Treasury’s interpretation of the law and how they plan to enforce it can impact how we all do business in New Jersey. That is why the Coalition, through our Public Affairs Counsel, intends to support the process by sharing with Treasury our concerns, opinions and suggestions regarding legislative intent and regulated community compliance.
Please continue to follow along and we will provide updates as they become available.
While the law has been fixed, our work here isn’t done.
In addition to some remaining expenses this summer, additional funding is needed to support our continued efforts in Trenton. We need our lobbyist to work with Treasury in the coming weeks as they prepare their interpretation and guidance regarding the new law. We want to make sure this is done right! Please donate today.
Latest News
Tax Update 9/28/2018
I am sorry to say that I have bad news. The Division of Taxation just posted a revised TB81 that did NOT exempt the for rent by owners from the tax. Last week they removed the advisory and we thought the reason was to include rent by owners on the exemption granted to...
Call NJ 101.5 Tonight
TONIGHT (9/19) – NJ 101.5 will have Senate Majority leader Sweeney on the show. He is quoted in the NJ.com article and we encourage all vistors to the Jersey Shore to call into the show to try to ask him questions. It will be hard to get through but if we all try some...
Tax Update 9/18/2018
The media finally broke the story today! It was a GREAT article that clearly explains the problem we are facing with the Division of Taxation. If you haven’t seen it, here is a link:...