The New Jersey Assembly has passed tax increases on liquor, cigarettes, businesses and the wealthy. Votes on $2.8 billion in revenue raisers are required in the Assembly then Senate before lawmakers can consider the $29 billion state budget Thursday. The spending plan includes property tax relief for 1.1 million seniors and low-income residents. The last-minute relief was possible because a tax amnesty program collected nearly $500 million from corporations and individuals. About half the residents who got rebates last year will see checks this fall. Those making more than $75,000 and renters will lose their rebates. Assembly Republicans objected to every tax increase bill. AP.
Thursday, June 25, 2009
NJ Assembly Passes Tax Increases
The New Jersey Assembly has passed tax increases on liquor, cigarettes, businesses and the wealthy. Votes on $2.8 billion in revenue raisers are required in the Assembly then Senate before lawmakers can consider the $29 billion state budget Thursday. The spending plan includes property tax relief for 1.1 million seniors and low-income residents. The last-minute relief was possible because a tax amnesty program collected nearly $500 million from corporations and individuals. About half the residents who got rebates last year will see checks this fall. Those making more than $75,000 and renters will lose their rebates. Assembly Republicans objected to every tax increase bill. AP.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment