Alert Symbol
Logging into Business.NJ.gov is not currently available.

UPDATES

Recent Regulations and Resources

Learn about new rules, resources, and upcoming changes that may effect your business

Corporate Transit Fee Now in Effect

Updated:
July 11, 2024

Corporations with more than $10 million in taxable net income are now subject to a 2.5% Corporate Transit Fee, effective from January 1, 2024, through December 31, 2028. This fee is in addition to the annual Corporation Business Tax and aims to support New Jersey Transit. Public utilities and New Jersey S Corporations are exempt from this fee.

Learn More
Source:

https://www.nj.gov/treasury/taxation/cbt/corporatetransitfee.shtml