NJBIA: Proposed Tax on Trucks Using Warehouses Hurts Businesses, Consumers
February 29, 2024
February 29, 2024
TRENTON, New Jersey, Feb. 29 -- The New Jersey Business and Industry Association issued the following news:
The nearly $56 billion FY25 state budget proposed by Gov. Phil Murphy contains a new excise fee that would be levied on trucks that use warehouses - a tax that will drive up the cost of a wide range of products for businesses and consumers.
The Murphy administration says the proposed $1 excise fee on trucks entering warehouse facilities would raise $10 million. Th . . .
The nearly $56 billion FY25 state budget proposed by Gov. Phil Murphy contains a new excise fee that would be levied on trucks that use warehouses - a tax that will drive up the cost of a wide range of products for businesses and consumers.
The Murphy administration says the proposed $1 excise fee on trucks entering warehouse facilities would raise $10 million. Th . . .