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Murphy to propose raising N.J. sales tax in first budget
Newark Star-Ledger ^ | March 13, 2018 | Matt Arco and Samantha Marcus

Posted on 03/13/2018 3:46:03 PM PDT by GuavaCheesePuff

Gov. Phil Murphy is set Tuesday to unveil a state budget proposal -- his first -- that will include more than $1.5 billion in new revenue from taxes and closing loopholes, including a small spike in New Jersey's sales tax, NJ Advance Media has learned.

The extra revenue would also come from a proposed millionaires tax, closing tax loopholes used by corporations, and a plan to legalize marijuana, according to multiple sources briefed on the budget.

(Excerpt) Read more at nj.com ...


TOPICS: Government; News/Current Events; US: New Jersey
KEYWORDS: murphy; newjersey; nj; philmurphy; salestax; tax; taxes
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To: trebb

“:^)


41 posted on 03/14/2018 12:00:11 PM PDT by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs..)
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