NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
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, […]
COVID-19 Workers’ Compensation Rebuttable Presumption Law Background All 50 states, the District of Columbia, and the U.S. territories have Workers’ Compensation laws. Workers’ compensation provides wage replacement, medical treatment, and survivor benefits in the event a worker experiences a job-related accident or illness. In return, with some exceptions, both the employer and the employee give […]
—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, […]
Everything you need in one email.
© 2019 NJBIA. All rights reserved.
New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
