Corporate Profits and Tax Collections Skyrocketed in New Jersey With the Corporate Surcharge in Effect

Corporate tax revenue before, during, and after the corporate surcharge, in 2024 dollars.

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Note: Data organized by fiscal year. Data for 2024 is an estimate based on the FY 2025 budget proposal, which includes surcharge collections ending December 2023.

Chart: New Jersey Policy PerspectiveSource: NJPP analysis of Governor's Budgets since FY 2009Get the dataDownload imageCreated with Datawrapper