Reduces taxable wage base applied to certain tax contributions.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill reduces the taxable wage base used to calculate certain payroll tax contributions in New Jersey. Specifically, it amends the state’s unemployment compensation law to adjust the calculation of contributions owed by employers, including those that provide benefit financing. The changes aim to modify how wages are determined for contribution purposes, impacting employer tax obligations.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
Anthony Bucco
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