NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
—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, […]
—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, […]
The Senate Labor Committee today released NJBIA-backed legislation that would provide businesses that hire people under 18 years old with a tax credit to offset the cost of the state’s higher minimum wage. S-718 (Addiego, D-8; Singleton, D-7) would provide an employer with a refundable tax credit against the corporation business tax or the gross […]
On January 1, 2020 the minimum wage increased to $11 and will increase $1 every year until reaching $15 per hour in 2024. The minimum wage for small businesses with less than six employees, seasonal businesses, and farm labor is now set at $10.30 and will increase to $15 at a slower rate. The minimum […]
NJBIA is advocating for several bills to mitigate the effects of the new $15 an hour minimum wage law, and one of them, tax credits for employers who hire teens, is getting some public debate. The bill, S-3483 (Addiego, Singleton), would provide an employer with a refundable tax credit against the corporation business tax or […]
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New Jersey Business & Industry Association
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