Governor Murphy, Lt. Governor Oliver, Senate President Sweeney, Assembly Speaker Coughlin, Assembly Budget Chair Pintor Marin, and Senate Budget Chair Sarlo Announce Agreement to Include Millionaire’s Tax in Revised FY2021 Budget
Governor Phil Murphy, Lieutenant Governor Sheila Oliver, Senate President Steve Sweeney, Assembly Speaker Craig Coughlin, Senate Budget Chair Paul Sarlo, and Assembly Budget Chair Eliana Pintor Marin today announced that that the revised Fiscal Year 2021 (FY2021) budget will raise the state’s gross income tax rate on income between $1 million and $5 million per […]
Assembly committee moves one Atlantic City casino relief bill, pulls another
Two pieces of legislation aimed at providing some measure of financial relief for a struggling Atlantic City casino industry hit hard by the coronavirus went in different directions Thursday morning. The Assembly Appropriations Committee unanimously cleared a bill, A4022/S2257, that allows casinos and racetracks to deduct a portion of sports betting revenue taxes, while holding […]