In a recent decision, the U.S. Court of Appeals for the 3rd Circuit upheld New Jersey’s partnership filing fee, rejecting a constitutional challenge brought forward by Energy Transfer L.P. (Energy Transfer L.P. v. Ficara, et...more
In a bid to incentivize the development of affordable housing, New Jersey has implemented a significant policy change. Effective from the tax year beginning on January 1, 2025, the state now offers accelerated depreciation...more
Governor Phil Murphy’s recent budget address included a significant proposal: a corporate transit fee targeting large corporations. This proposal aims to address transportation infrastructure challenges and diversify funding...more