On April 1, Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin announced changes to the tax filing deadline and the state budget timetable.

The Administration and Legislative leadership reached agreement that the state income tax filing deadline and the corporation business tax filing deadline will be extended from April 15th to July 15th.

In addition they have agreed that the state fiscal year should be extended to September 30th. This will allow the Administration and the Legislature to focus fully on leading New Jersey out of this crisis, and to allow for a robust, comprehensive, and well-informed budget process later in the year. The CCSNJ looks forward to being part of that budget process in September.

To read the Joint press release, click here.

For more information, please contact Hilary Beckett, Manager, Government Affairs at hbeckett@chambersnj.com