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N.J. Gov. Murphy, Treasurer Muoio Announce Plan to Follow Federal Government's Lead to Enhance the Benefits of Paycheck Protection Program Loans
February 10, 2021
TRENTON, New Jersey, Feb. 10 -- Gov. Phil Murphy, D-New Jersey, issued the following news release on Feb. 9, 2021:

In an effort to aid small businesses impacted by the COVID-19 pandemic, Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio announced today that New Jersey will follow the federal government's lead in allowing Paycheck Protection Program (PPP) loans to be tax exempt at the state level and enable recipients to deduct business expenses that were paid with . . .

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