Articles Tagged - NJ

PILOT Programs in New Jersey

By Wiss, Posted in Real Estate

By Alexander J. Narcise and Michael Kroll Under New Jersey’s Payment In Lieu of Taxes (“PILOT”) program (N.J.S.A. 40A:20-1), many distressed areas of the state are seeing a resurgence. The PILOT program allows municipalities to exempt developers from property taxes for a set period of time when making improvements to existing buildings or creating new projects in areas in need of redevelopment, aiming to encourage commercial, residential, and industrial development. Developers would pay a... read more.

With the Gas Tax Bill Comes the Elimination of the NJ Estate Tax

By Wiss, Posted in Estate and Business Succession Planning

By Ruth Raftery The much discussed bill raising the New Jersey gas tax by 23 cents per gallon was signed by Governor Christie on Friday October 14th.  Although not as widely publicized, the new law provides for another major change – the complete elimination of the New Jersey state estate tax.       Up to now, and for the remainder of 2016, New Jersey has the lowest estate tax exemption in the country, subjecting estates worth more than $675,000 to estate tax at the time of death... read more.

How to Take Advantage of the Grow NJ Tax Credit

By Wiss, Posted in State & Local Tax Services

By Amanda Dominguez The only bad thing about tax credits is the possibility of missing out on one. To make sure that doesn’t happen to your business, here is some background on the Grow New Jersey tax incentive and how it could affect your company.  Per-employee credits add up The Grow New Jersey Assistance Program is offered through the state’s Economic Development Authority (EDA) to encourage businesses in technology, manufacturing, warehousing, research and development and other cate... read more.

12 Days of Giving - Day 10: Alstede Farms

By Wiss, Posted in Wiss Gives Back

Alstede Farms is highlighted in Day 10 of the #12DaysofGiving Celebration. Wiss is proud to celebrate this local farm based out of Chester, NJ that produces a huge variety of their own local fruits, vegetables and flowers using only sustainable and USDA certified organic production methods.  Today, more than 90 years after Hermann S. Alstede, Sr. immigrated to the United States from Germany, the Alstede Family maintains Hermann’s legacy of “rugged individualism” and the immigrant Ame... read more.