New Jersey Will Overhaul Corp. Tax, Enact $54B Budget

David Shipley, Co-Chair of Stevens & Lee’s State and Local Tax Group, was featured in the article “New Jersey Will Overhaul Corp. Tax, Enact $54B Budget” published in Law360 Tax Authority on July 3, 2023. He explained the implications of the corporate tax regime changes signed into law by Gov. Phil Murphy, touching on the state’s increase of the GILTI deduction to 95% from 50% and the changes to net operating loss provisions for businesses.

The online version can be read on the Law360 website (a subscription may be required to view the full article).