The SALT Lawyer, published by Sills Cummis & Gross P.C., focuses on state and local tax issues, particularly those affecting New Jersey. The blog covers topics such as sales and use tax nexus for remote sellers, corporate business tax changes, tax exemptions and credits, tax amnesty programs, and the impact of federal tax reforms on state taxation. It also addresses practical guidance on compliance, legislative updates, and economic development incentives like Opportunity Zones. The content is aimed at businesses and tax professionals seeking to understand evolving tax regulations and their implications at the state and local levels.
The U.S. Department of Treasury’s Community Development Financial Institutions Fund has just released the list of New Jersey’s approved Opportunity Zones. The Opportunity Zones are identified by specific census tracts provided below.
The federal Opportunity Zone program is a new…
New Opportunities for Urban and Distressed Areas
The newly enacted federal Opportunity Zone program could be a game changer for economic development and tax incentive policy here in New Jersey and across the country. The program provides a new avenue…
The New Jersey Division of Taxation has issued guidance pertaining to the state’s treatment of the federal Tax Cuts and Jobs Act’s one-time repatriation of certain foreign earnings and profits. Under the federal Act, U.S. shareholders of controlled foreign corporations…
On March 13th, New Jersey Governor Murphy delivered his administration’s first budget address. In the address and subsequent summary of the budget proposals, the Governor called for a number of different personal income tax, corporate tax and sales tax changes. …
April 1st is almost here…
Have you filed a tax appeal on your over-assessed properties in New Jersey?
Believe it or not, April 1st is right around the corner. And in New Jersey, that means it is time for filing…
Do not forget the deadline to file a 2018 tax appeal in New Jersey is as follows:
April 2, 2018: Regular appeals
May 1, 2018: Revaluation appeals
In recent guidance issued by the Pennsylvania Department of Revenue in response to the passage of the Tax Cuts and Jobs Act, the Department indicates that the 100 percent depreciation deduction will not be available for property placed in service…
With the enactment of federal tax reform, otherwise known as the Tax Cuts and Jobs Act, there are a number of New Jersey state tax ramifications to consider stemming from the changes, including:
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When it comes to New Jersey tax credits and incentives, many are familiar with the Grow New Jersey, Economic Redevelopment and Growth grant and Angel Investor Tax Credit programs. However, an area that is often over-looked is that of sales…
Since Governor-Elect Murphy is set to take office later this month, we thought it would be instructive to offer up a brief primer and some additional thoughts on the new administration’s corporate tax plan for the Garden State. To be…
