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By Parthiv M. Patel on February 4, 2019

On February 4, 2019, Governor Phil Murphy signed legislation to increase New Jersey’s hourly minimum wage rate from $8 to $15 (“A-15”). A discussion of key provisions of A-15 can be found here.

In addition to increasing the minimum wage, A-15 allows employers (“Employer”) who employ persons with impairments to receive up to $10 million in tax credits (“Tax Credits”) to offset the cost to an Employer of any increases in wages and payroll taxes for an impaired employee as a result of A-15.

By Parthiv M. Patel on February 1, 2019

In accordance with an agreement reached between the Governor and legislative leaders earlier this month, the New Jersey Legislature approved legislation, A-15 (the “Bill”), on January 31, 2019 to increase the state hourly minimum wage requirement from $8.85 to $15 over a five (5) year period. The Governor is expected to sign the Bill into law on Monday, February 4, 2019.

By Parthiv M. Patel on January 30, 2019

In accordance with the Supreme Court’s ruling, the Pennsylvania Department of Revenue (“DOR”) recently issued a new rule stating that a substantial economic nexus satisfies the Pennsylvania Tax Reform Code’s definition of “maintaining a place of business in Pennsylvania,” thereby requiring out-of-state sellers to collect and remit Pennsylvania’s sales tax (the “Nexus Rules”).

By Parthiv M. Patel, Mariel J. Giletto on December 4, 2018

Pursuant to New Jersey Governor Phil Murphy’s Economic Development Strategic Plan for the State of New Jersey ("Strategic Plan"), the New Jersey Economic Authority ("EDA") launched a new, dedicated unit ("Unit") to support the small-business community. The Unit will provide New Jersey small-businesses with financial, workforce, and technical support, with a focus on historically underrepresented small businesses such as minority, veteran, disability and LGBTQ-owned enterprises.

By Parthiv M. Patel, Mariel J. Giletto on August 24, 2018

Corporate associate Parthiv Patel discusses how the IRS's proposed rules to block the State and Local Tax deduction cap workaround will affect New Jersey taxpayers. 

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