The following are two tax bills that the Legislative Committee of Mercer Regional Chamber of Commerce voted to support and is following to see if Governor Christie will sign. Click to read entire bill.

Corporate Business Tax Relief - A-1676(Greenwald/D-6; Milam/D-1; Spencer/D-29; Chiusano/R-24; Pou/D-35; Webber/R-26): Senate passed 39-0. Assembly passed 73-0. This bill would remove the disincentive for capital investment and job creation in New Jersey by eliminating property and payroll from the allocation factor and assigning a 100 percent weighting to the sales factor.

Tax Relief for Small Business - S-1540(Buono/D-18; Oroho/R-24; Greenwald/D-6; Barnes/D-18; Johnson/D-37; Pou/D-35; McHose/R-24; Webber/R-26):  Senate passed 39-0. Assembly passed 76-0. This bill would modernize New Jersey's income tax and provide increased flexibility to small businesses whose business owners' pay their taxes through the personal income tax return (S-Corps, LLC's, LLP's, sole proprietorships or partnerships).

Please also note the following bill which the Mercer Regional Chamber of Commerce is watching:

The "Market Competition and Consumer Choice Act;" S-2664 (Lesniak; Sweeney; Kean; Oroho) Alters State regulation of competitive services provided by telecommunications and CATV companies.