NJBIA Chief Government Officer Chrissy Buteas has sent a letter to legislative leadership urging for support of a bill which provides tax credits to small employers in impacted industries.
Bill A-5735 (Mazzeo)/S-3759 (Gopal/Scutari) would give a tax credit to employers worth 10% of wages paid to employees near the minimum wage, and increases the credit to 20% in counties where the unemployment rate exceeds the state unemployment rate.
“(The bill) would assist small employers in industries impacted by the COVID-19 pandemic recover some of their lost revenue and enable them to pay their employees more to get them to return to work while absorbing the increasing minimum wage,” Buteas wrote.
To see the full letter, click here.
