business

GREENWALD APPLAUDS CORZINE'S CALL
FOR PASSAGE OF BUSINESS TAX BREAK
Governor's Inclusion of Net Operating Loss Reform As Part of Economic Response
Key to Keeping State Open for Business

(TRENTON) - Assembly Budget Committee Chairman Louis D. Greenwald today applauded Governor Jon Corzine's inclusion of a much-needed business tax cut as one of the facets of his plan to jumpstart the state's economy.

SENATE BUDGET COMMITTEE OKAYS CODEY/BUONO AID FOR STRUGGLING BUSINESSES

       TRENTON – The Senate Budget and Appropriations Committee today approved a bill sponsored by Senate President Richard J. Codey and Senator Barbara Buono that would aid struggling businesses during the current economic crisis, and help New Jersey’s business environment remain competitive with other neighboring states.  The committee approved bill S-2130, which would increase the time period in which a net operating loss (NOL) can be deducted from a corporation’s business tax, from seven to twenty years.

COMMERCE PANEL TO MEET MONDAY TO TAKE MORE STEPS TO HELP BUSINESSES CONFRONT THE ECONOMIC CRISIS

Panel to Hear Testimony from Economic, Labor Experts on State Job & Industry Growth; Consider Legislation to Further Improve NJ's Economic Climate

(TRENTON) - As part of an unprecedented effort by the Assembly to address the ongoing national economic crisis, the Assembly Commerce and Economic Development Committee will meet Monday to examine the health of the private sector, state job growth and to consider legislation to further improve the state's business climate.

ASSEMBLY PASSES SEVEN-BILL PACKAGE TO UPDATE, IMPROVE NJ'S CORPORATE BUSINESS LAWS

Measures Would Make State More Business Friendly; Make NJ's Corporate Business Laws Similar to Delaware's

(TRENTON) - The General Assembly today passed a seven-bill package sponsored by Assemblymen Patrick J. Diegnan, Joseph Vas, Matthew W. Milam, Nelson T. Albano and Wayne P. DeAngelo to simplify many of New Jersey's corporate governance statutes and make the state more attractive to businesses.

GREENWALD/CRYAN 'PERMIT EXTENSION ACT'
CLEARS SECOND ASSEMBLY COMMITTEE HURDLE
Measure Would Extend Building Permits For Six Years;
Part of Stimulus Package to Help Business, Keep New Jersey Competitive

(TRENTON) - The Assembly Environmental And Solid Waste Committee today released legislation Assemblymen Louis Greenwald and Joseph Cryan sponsored that would extend the life of building permits for a maximum of four years for commercial and residential development projects stalled by the possible lack of funding or revenues due to the current economic downturn.

HATFIELD SAYS WHILE DEMOCRAT TOLL TEAM HIKES RATES, NJ HITS BOTTOM 3 IN BUSINESS FRIENDLY RANKINGS

Kyrillos: New Jersey Continues to Lag in Job Creation

Economic Agenda Should Be Focus of New Legislature

Senator Joseph Kyrillos (R-Monmouth/Middlesex) issued the following statement in response to the Department of Labor and Workforce Development’s report which showed that 86 percent of new jobs added in October came from the public sector, further proving that New Jersey continues to lag in the creation of private sector jobs.