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Governor Murphy › State Budgets › Taxation

McCarter & English, LLP

New Jersey FY 2026 Budget Tax Law Changes

McCarter & English, LLP on

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

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