On July 4, 2025, President Trump signed into law legislation commonly referred to as the “One Big Beautiful Bill Act” (OBBBA), which includes provisions that specifically affect private primary, secondary, and post-secondary...more
7/21/2025
/ 529 Plans ,
Educational Institutions ,
Excise Tax ,
Internal Revenue Code (IRC) ,
New Legislation ,
Nonprofits ,
One Big Beautiful Bill Act ,
Student Loans ,
Tax Credits ,
Tax Deductions ,
Tax Exemptions ,
Tax Planning ,
Taxation ,
Trump Administration ,
Universities
On July 4, 2025, President Donald Trump signed into law the One Big Beautiful Bill Act (OBBBA) (P.L. 119-21), which includes a number of tax law changes that directly impact the energy industry.
A significant number of the...more
7/21/2025
/ Clean Energy ,
Coal ,
Electric Vehicles ,
Energy Policy ,
Energy Sector ,
Executive Orders ,
Fossil Fuel ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Internal Revenue Code (IRC) ,
New Legislation ,
One Big Beautiful Bill Act ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Incentives ,
Wind Power
On July 4, 2025, President Trump signed into law the legislation commonly referred to as the “One Big Beautiful Bill Act” (OBBBA), which includes significant changes to Medicaid, Medicare, and Affordable Care Act (ACA)...more
7/16/2025
/ Affordable Care Act ,
Health Insurance ,
Healthcare ,
HSA ,
Insurance Industry ,
IRS ,
Medicaid ,
Medicare ,
New Legislation ,
One Big Beautiful Bill Act ,
Tax Credits ,
Tax Reform ,
Trump Administration
On June 30, 2025, Governor Phil Murphy signed into law the FY 2026 state budget (the “FY 2026 budget”), totaling $58.8 billion (see our prior alert New Jersey Enacts FY 2026 Budget: Key Takeaways).
The FY 2026 budget...more
On Tuesday, July 1, Governor Phil Murphy signed into law Senate Bill S4666/Assembly Bill A5804 (collectively, the Bill), which impacts certain transfers of real property. The Bill amends the existing fees imposed on certain...more
7/3/2025
/ Buyers ,
Commercial Property Owners ,
Commercial Real Estate Market ,
Governor Murphy ,
New Jersey ,
New Legislation ,
Property Tax ,
Real Estate Transactions ,
Residential Property Owners ,
Residential Real Estate Market ,
Sellers ,
Tax Rates ,
Tax Reform ,
Transfer Taxes
President Trump’s “One Big Beautiful Bill” (OBBBA) was narrowly passed in the House in May, and while there are many important aspects of the bill, there are provisions that may affect secondary and post-secondary...more
6/6/2025
/ 501(c)(3) ,
Educational Institutions ,
Endowment Funds ,
Excise Tax ,
Federal Funding ,
New Legislation ,
Nonprofits ,
Private Schools ,
Proposed Legislation ,
Scholarships ,
Tax Credits ,
Tax Policy ,
Tax Rates ,
Tax Reform ,
Taxation
On February 18, the New Jersey Division of Taxation published proposed corporation business tax (CBT) regulations that incorporate changes associated with 2023 reform legislation, as well as additional changes intended to...more
On February 5, 2025, the New Jersey Appellate Division released a decision in the matter of Christopher Gill v. Director (Docket No. A-3116-22), affirming the tax court’s holding that the state is not subject to a separate...more