NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Monday, January 10, 2011

New Jersey Senate Passes Help For Small Business

NJ Senator Steve Oroho
Senate Passes Oroho Measures Simplifying New Jersey’s Tax Code
Two bills sponsored by Senator Steve Oroho (R-Sussex) that would streamline New Jersey’s cumbersome tax structure were passed by the New Jersey Senate. S-1646 simplifies the formula by which business taxes are calculated, requiring a single sales factor formula instead of the current three factor formula. S-1540 provides tax relief to small businesses by allowing taxpayers who generate income from different types of businesses to offset gains from one type of business with losses from another. Read More

Kyrillos Business Tax Credit Bill Heads to the Governor

NJ Senator Joe Kyrillos
Legislation proposed by Governor Christie and sponsored by Senator Joe Kyrillos (R-Monmouth) and Senator Fred Madden (D-Gloucester) to expand financial assistance grants for current and prospective New Jersey employers has cleared both chambers of the Legislature and heads to the Governor’s desk. If signed, the bill will broaden the availability of state financial assistance for those employers who wish to expand operations in or relocate to the State of New Jersey. Read More

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