Business Surcharge at Center of Tax Fight

…(T)he corporation business tax — often referred to in Trenton shorthand as the “CBT” — is projected to generate more than $5 billion during the fiscal year that begins July 1, making it one of the state’s largest single sources of revenue.

But the fate of a special surcharge that accounts for just a slice of the overall tax haul is dominating the tax-policy discussions unfolding around Murphy’s budget plan for the 2024 fiscal year.