S 4909·NJ·senate
Gradually reduces CBT rate; eliminates corporate transit fee.
Introduced
Sponsor: Testa, Michael L.
Summary
The legislation proposes to gradually lower the CBT rate while eliminating the corporate transit fee. It would affect businesses that currently pay these charges, reducing their tax and fee burden. The change aims to ease costs for corporations, though the bill does not detail the schedule or amounts.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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