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Governor Murphy New Jersey

McCarter & English, LLP

New Jersey FY 2026 Budget Tax Law Changes

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

Troutman Pepper Locke

New Jersey Increases Mansion Tax Rates and Shifts Payment Obligation to Sellers

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On June 30, Governor Phil Murphy signed Bill A5804 into law, amending N.J.S.A. § 46:15-7.2-7.4; N.J.S.A. § 54:15C-1, and introducing significant changes to New Jersey’s realty transfer tax structure. These changes — effective...more

Cole Schotz

New Jersey’s Latest Budget Has Sweeping Changes to the Mansion Tax

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The latest budget passed by the New Jersey legislature and signed by term-limited Governor Phil Murphy quietly enacted changes to New Jersey’s Mansion Tax, which affects not only residential properties but commercial...more

McCarter & English, LLP

Mansion and Controlling Interest Transfer Tax Amendments Signed Into Law: Buyers and Sellers Must Move Fast to Avoid Rate Increase

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

Mandelbaum Barrett PC

Distracted Driving Awareness Month: A Call to Action in New Jersey

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At Mandelbaum Barrett PC, safety on the road is more than a seasonal initiative—it’s a year-round commitment. This April, during Distracted Driving Awareness Month, we stand with the New Jersey Department of Labor and...more

McCarter & English, LLP

New Jersey FY 2026—Department of Health Budget Hearing

On April 3, 2025, New Jersey Department of Health (NJDOH) Commissioner Dr. Kaitlan Baston appeared before the Senate Budget and Appropriations Committee to present Governor Murphy’s proposed Fiscal Year 2026 State Budget for...more

McCarter & English, LLP

New Jersey Governor Phil Murphy’s FY2026 Budget Address: Key Highlights

In his final budget address, Governor Phil Murphy is proposing a $58.05 billion plan, with a strong emphasis on preserving funding for critical priorities while cutting spending on various programs. The address underscores...more

McCarter & English, LLP

Governor Murphy’s 2025 State of the State Address

Yesterday, Governor Phil Murphy delivered his annual State of the State Address, outlining an ambitious agenda aimed at securing economic opportunity and strengthening New Jersey’s future. Murphy is in his final year of...more

Greenbaum, Rowe, Smith & Davis LLP

An Overview of New Jersey’s New Pay Transparency Legislation for Employers

On November 18, 2024, New Jersey Governor Phil Murphy signed into law new pay transparency requirements. The legislation, which makes New Jersey the latest state to embrace pay transparency by requiring employers to include...more

Mandelbaum Barrett PC

New Jersey’s New Hemp Regulations Create More Problems Than They Solve

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Governor Phil Murphy’s signing of Senate Bill 3235 on September 12, 2024, represents a significant shift in the regulation of intoxicating hemp products in New Jersey. The original intention of the bill was to restrict sales...more

Cole Schotz

New Jersey Passes New Pay Transparency Law

Cole Schotz on

On November 18, 2024, Governor Phil Murphy signed into law A4151/S2310, which will require employers to provide pay transparency for employment opportunities advertised internally or externally to the general public. The new...more

Jackson Lewis P.C.

Getting Clear on NJ’s Upcoming Pay Transparency Law: Terms, Requirements + Noncompliance Consequences Employers Need to Know

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New Jersey is poised to join the growing list of states requiring employers to include the range of the hourly wage or salary in postings for new jobs or transfer opportunities. Senate Bill 2310 requires most businesses to...more

Fox Rothschild LLP

New Jersey Regulates Intoxicating Hemp Products

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Businesses selling intoxicating hemp products in New Jersey without a cannabis license could soon face significant fines. Governor Phil Murphy signed Senate Bill No. 3235 on Sept. 12, 2024, regulating intoxicating hemp...more

McCarter & English, LLP

New NJ Law Halts Unlicensed Hemp Beverage Sales and Opens Doors for Alcoholic Beverage Distributors

Last week, Governor Phil Murphy signed into law Senate Bill No. 3235—a bill temporarily banning the unlicensed sale of hemp products in New Jersey and proposing a new regulatory framework for future sales. The law, which is...more

Foley Hoag LLP - Cannabis and the Law

New Jersey Passes Law to Regulate/Restrict the Sale of Intoxicating Hemp Derived Products

The Governor of New Jersey signed into law Senate Bill No. 3235 (the “Intoxicating Hemp Law”), designed to regulate the production and sale of certain intoxicating hemp products. At a high level, this law would limit the...more

McCarter & English, LLP

NJ ELEC Proposes New Reporting Requirements for IEs and SuperPACs

The Election Law Enforcement Commission (ELEC) proposed new rules this week (56 N.J.R. 1684(a) and 56 N.J.R. 1699(a)), finally implementing the legislature’s creation of reporting requirements for independent expenditure (IE)...more

McDermott Will & Emery

Governor Murphy Saddles Taxpayers With the Nation’s Highest Corporate Tax Rate

New Jersey Governor Phil Murphy’s proposed flip-flop, which reneges on his promise to allow the state’s 2.5% corporate business tax surtax to expire, has now passed both the New Jersey State Assembly and Senate and been...more

McCarter & English, LLP

New Jersey Fiscal Year 2025 Budget Overview

Following extensive deliberations and legislative actions, Governor Phil Murphy signed the Fiscal Year 2025 New Jersey Appropriations Act on Friday night, setting the state’s financial course for the upcoming fiscal year. The...more

Lowenstein Sandler LLP

Controversial OPRA Amendment Has Potentially Significant Implications for New Jersey Environmental Professionals

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On June 5, New Jersey Gov. Phil Murphy signed long-contested legislation, S2930 (2024 OPRA Amendment), amending the Open Public Records Act (OPRA), N.J.S.A. 47:1A-1, et seq. As most New Jersey environmental practitioners...more

Fox Rothschild LLP

New Jersey Passes Affordable Housing Law

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New Jersey is ushering in a new era of state affordable housing guidelines. The New Jersey Assembly and Senate recently passed affordable housing legislation and Gov. Phil Murphy has signed it into law. For New Jersey...more

Mandelbaum Barrett PC

Governor Murphy Proposes Corporate Transit Fee: What You Need to Know

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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

Fox Rothschild LLP

New Jersey Legislature Passes Affordable Housing Bill

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The New Jersey Legislature passed affordable housing legislation today that will usher in a new era of state affordable housing guidelines. While A4 has passed in both the New Jersey Assembly and Senate, it still awaits the...more

Fox Rothschild LLP

New Jersey Finalizes Law Restricting PFAS in Firefighting Foam and Creating Take-Back Program

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Last month, Governor Murphy signed a bill that affects the use of per- and polyfluoroalkyl substances (“PFAS”) in firefighting foam. The law, approved as P.L.2023, c.243 (Bill A4125 or S2712), accomplishes a few things: it...more

McDermott Will & Emery

New Jersey Governor Flip-Flops on Corporate Business Tax Surtax Expiration

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After months of insisting that he would not allow New Jersey’s 2.5% corporate business tax surtax to be extended – and previously having allowed it to lapse for tax years beginning on January 1, 2024 – New Jersey Governor...more

Stevens & Lee

NJ Appellate Court Strikes Down Misguided Attack on Women’s Right to Compete in Emerging Cannabis Industry

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Earlier this month, Governor Phil Murphy and Treasurer Elizabeth Maher Muoio announced the release of a “comprehensive statewide disparity study examining public contracting opportunities” for Minority and Women-Owned...more

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