NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The state budget is stalled with less than a week to go before the fiscal year ends, but that doesn’t mean the Legislature hasn’t been busy. On Monday, both houses held lengthy voting sessions while Democratic legislative leaders and the Governor negotiated over the state’s spending plan. Among other things, law makers passed a bill […]
Legislators gave final approval to a bill mandating that companies provide paid sick leave, but not before making substantial amendments that will ease the burden on businesses. Among other things, the revised bill permits existing paid-time-off plans to satisfy the measure’s requirements and overrides a dozen or so local existing ordinances so businesses have to […]
The Assembly Appropriations Committee approved legislation that would allow taxpayers a way to work around the new $10,000 federal cap on the State and Local Tax (SALT) deduction. Legislation to subsidize the state’s nuclear power plants was also approved. Property Tax Deduction, A-3499 (McKeon, D-27; Jasey, D-27)/S-1893 (Sarlo, D-36; Sweeney, D-3) Released by Assembly Appropriations Committee, […]
Two bills to improve New Jersey’s corporate governance laws cleared the Assembly yesterday, while the Senate gave final approval to increased penalties for wage violations that could include businesses that simply make honest mistakes. The deliberate failure to pay wages to employees should not be tolerated, but S-1396 is not consistent in distinguishing between negligent, […]
New Jersey expanded a tax credit program to promote emerging tech companies, and legislators acted on two energy bills in May. The Assembly also voted to designate May as “Small Business Month.” Here are the details: Angel Investor Tax Credit Expansion, S-158 (Madden, D-4; Cruz-Perez, D-5)/A-3631 (Quijano, D-20; Schaer, D-36) Signed into law May 1 […]
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New Jersey Business & Industry Association
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