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State Taxes › State Budgets › Governor Murphy

Genova Burns LLC

Amendments to New Jersey's Mansion Tax and Controlling Interest Transfer Tax

Genova Burns LLC on

As of July 10, 2025, the Mansion Tax and Controlling Interest Transfer Tax (“CITT”) now requires sellers of certain classes of real property (and controlling interest involving certain classes of real property) transferred...more

Cole Schotz

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

Cole Schotz on

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

Greenbaum, Rowe, Smith & Davis LLP

New Jersey Extends Income Tax Filing Deadline to July 15, 2020

Greenbaum, Rowe, Smith & Davis LLP on

New Jersey Governor Phil Murphy announced recently that the filing deadline for New Jersey state income tax returns has been extended from April 15, 2020 to July 15, 2020, matching the extension provided by the IRS. ...more

Cole Schotz

Governor Murphy’s 2019 Budget: What You Need To Know About The Latest Round Of Tax Hikes

Cole Schotz on

It was no secret that Governor Murphy ran on a platform heralding an aggressive spending plan of $37.4 billion to fund a lengthy list of entitlements such as hospital and prescription aid, opioid addiction treatment, free...more

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