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NJ tax relief totaling $3.5 billion expected in Phil Murphy's 2025 budget address ... ANCHOR, Senior Freeze and the child tax credit ... more than 700,000 renters getting up to $700. StayNJ and ...
In June 2018, Murphy and the New Jersey Assembly agreed to a last-minute deal in which income over $5 million and corporate tax would be raised, while the sales tax would remain the same. [ 170 ] [ 171 ] In 2019, Murphy again promoted a "millionaires' tax" as part of the state budget, [ 172 ] suggesting that legislation be put before the New ...
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The complication of applying tax codes and the risk of being taken advantage of by paid tax preparation services is diminished with the presence of over 4,000 nation-wide VITA sites. One of the focal points of VITA is raising taxpayer awareness and receipt of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC).
Governor Phil Murphy was re-elected to a second term in 2021 with 51.2% of the vote. He will be term-limited by the New Jersey Constitution in 2025 and cannot seek re-election for a third consecutive term.