Murphy Signs New Jersey Cannabis Tax Law Bill for Deductions

Heady NJ
By Dan UlloaMay 10, 2023, 3:01 pm185 pts
Governor Phil Murphy (D) has signed New Jersey cannabis tax law reform legislation so cannabis companies can deduct their business expenses. The bill was A-3946/S-340, “Decouples State tax provisions from federal prohibition on cannabis business deductions.” The new law decouples cannabis businesses from…

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