February Revenue Collections Lower by 2.3 Percent Primarily Due to Higher Refund Activity
NJ Dept of Treasury
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2h ago
TRENTON - The Department of the Treasury reported today that February revenue collections for the major taxes totaled $2.802 billion, down $66.4 million, or 2.3 percent lower than last year. February is a relatively minor month for revenue collections, with no key payment due dates. The month saw declines in the Gross Income Tax and the Corporation Business Tax due to elevated and accelerated refund activity ..read more
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Detailed Budget Book for Governor Murphy's Proposed FY2025 Budget Plan Now Available Online
NJ Dept of Treasury
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1w ago
TRENTON - State Treasurer Elizabeth Maher Muoio announced that Governor Murphy's Detailed Budget book for Fiscal Year 2025 is now available online through the Department of the Treasury's Office of Management and Budget website ..read more
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ANCHOR Program Distributes Historic Property Tax Relief to More Than 1.8 Million New Jerseyans
NJ Dept of Treasury
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1M ago
TRENTON - Over $2.1 billion was distributed to more than 1.8 million New Jersey homeowners and renters during the most recent ANCHOR program, making it the single largest property tax relief program in State history ..read more
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Treasury Encourages New Jerseyans to Search for Missing Assets on Unclaimed Property Day
NJ Dept of Treasury
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1M ago
TRENTON - In recognition of Unclaimed Property Day on February 1st, the Department of the Treasury is encouraging the public to find out if they are one of nearly 33 million people in the United States with unclaimed assets like forgotten bank accounts, unpaid life insurance benefits, utility deposits, and unused rebate cards ..read more
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Treasury Begins Mailing Applications for 2023 Senior Freeze Property Tax Reimbursement Program
NJ Dept of Treasury
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1M ago
TRENTON - The Department of the Treasury’s Division of Taxation on Monday began mailing applications for the 2023 Senior Freeze Property Tax Reimbursement program, which has been significantly expanded for the 2023 filing season to increase the income eligibility limit substantially and simplify the residency requirement for new applicants ..read more
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Treasury Encourages Eligible Taxpayers to Take Advantage of NJ’s Earned Income Tax Credit, One of the Most Generous in the Nation
NJ Dept of Treasury
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1M ago
TRENTON - As the 2023 tax filing season kicks off, the New Jersey Department of the Treasury is reminding taxpayers to find out if they are eligible for the State’s Earned Income Tax Credit, which was expanded in recent years to provide several hundred to several thousand dollars in relief to qualifying residents ..read more
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Major Revenue Up Slightly in January Total Revenue Collections Down 1.4% Year-to-Date
NJ Dept of Treasury
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1M ago
TRENTON - The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.094 billion, up $200.9 million, or 4.1 percent over last year. The growth in total revenues was led by higher collections from the Gross Income Tax, the Sales and Use Tax, and the Pass-Through Business Alternative Income Tax. Fiscal year-to-date, total revenue collections of $23.260 billion are down $329.1 million, or 1.4 percent from the same period last year ..read more
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Treasury: December Revenue Collections Lower by 3.1 Percent Primarily Due to Higher GIT and CBT Refunds
NJ Dept of Treasury
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2M ago
TRENTON - The Department of the Treasury reported that December revenue collections for the major taxes totaled $4.602 billion, down $144.8 million, or 3.1 percent below last year. Total revenues fell primarily as a result of higher refund disbursement from the Gross Income Tax and the Corporation Business Tax compared with last December. Year-to-date, total revenue collections of $18.166 billion are down $529.9 million, or 2.8 percent from the same period last fiscal year ..read more
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Murphy Administration Releases Statewide Disparity Study of Contracting Opportunities for Minority and Women-Owned Businesses (MWBE)
NJ Dept of Treasury
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2M ago
TRENTON - Governor Phil Murphy and Treasurer Elizabeth Maher Muoio today announced the release of a comprehensive statewide disparity study examining public contracting opportunities for Minority and Women-Owned (MWBE) businesses. The study, conducted by Mason Tillman and Associates (MTA), reviewed statewide procurement data relating to goods and services, professional services, and construction over a five-year span and concluded that disparity in the awarding of public contracts exists across multiple minority-owned and women-owned business enterprises in those sectors ..read more
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Treasury: Revenue Collections Higher by 2.6 Percent in November; Collections Down 2.8 Percent Overall
NJ Dept of Treasury
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3M ago
TRENTON - The Department of the Treasury reported that November revenue collections for the major taxes totaled $2.647 billion, up $67.8 million, or 2.6 percent over last year. Revenues grew primarily as a result of higher net collections from the Gross Income Tax, Corporation Business Tax, and from the Pass-Through Business Alternative Income Tax. Year-to-date, total revenue collections of $13.564 billion are down $385.1 million, or 2.8 percent from the same period last fiscal year ..read more
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