NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
Recreational Marijuana Workplace Safety Law Fast Facts —Background— On February 22, 2021, the Governor signed into law A-21 / S-21, legalizing the use of recreational marijuana in New Jersey. The comprehensive law, created after New Jerseyans voted to legalize recreational marijuana by referendum on Nov. 3, 2020, covers a range of social, commercial, regulatory, and […]
—Background— The wide breadth and rich depth of the unprecedented, more than $14 billion multi-year “New Jersey Economic Recovery Act of 2020” (P.L.2020 c.156) makes the law a potentially transformative economic development tool. It passed the Legislature on Dec. 21, 2020 and was signed into law by Gov. Phil Murphy at a ceremony with NJBIA […]
Economic Aid Act for the Paycheck Protection Program (PPP) —Background— On Dec. 27, 2020, President Trump signed the Economic Aid Act into law which included $284 billion for the Paycheck Protection Program (PPP). The legislation made several revisions to the program including changing eligibility requirements, creating a process for Second Draw loans, and adding additional […]
As an annual service to our members, NJBIA explains the changes in tax withholding rates and taxable wage bases that employers face in the year ahead. Outside of payroll taxes, it is important to note that legislation signed into law in 2020 reinstated the 2.5% corporate business tax surtax originally imposed in the 2018 state […]
—Overview— On Feb. 4, 2019, Gov. Phil Murphy signed A-15, which set New Jersey on the path to raise the minimum wage in increments to $15 an hour by 2024. The law raised the minimum wage to $10 per hour on July 1, 2019 and then to $11 per hour on Jan. 1, 2020. Currently, […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
