You can change the location at any time. A new year brings new laws in New Jersey, tax cuts and nj trust law minimum wage hike among them.
The Garden State continues to roll out tax changes that Gov. Chris Christie and the Legislature agreed to in 2016 as part of negotiations to raise the gasoline tax and replenish the transportation trust fund. Notably, New Jersey no longer has the distinction of being one of only two states to collect an estate tax and an inheritance tax. 1, Maryland is on its own.
Business and commerce groups pushed for the elimination of the estate tax, which they argued chased wealth out of the state, while liberal advocacy groups called it a giveaway to the rich at the expense of funding for much-needed safety net programs. It’s one of two tax changes you’ll see in the new year. Here are seven new laws that may affect you that took effect Jan. The minor increase is driven by a bump in the consumer price index, which by constitutional amendment is used to set the minimum wage each year. New Jersey’s minimum wage is governed by a state Constitutional amendment approved overwhelmingly by voters in 2013. 25 and tied future increases to inflation.
76 per hour should see a raise as well “as employers adjust their pay scales upward to reflect the new minimum wage,” NJPP estimated. 5 percent of the state’s workforce, NJPP said. Under this new law, your driver’s license will expire every four years on your birthday. In the past, Garden State licenses expired on the last day of the month every four years.
Chris Christie and lawmakers pushed the change to cut down on the long wait times and lines that would form at motor vehicle agencies near the end of each month. Spreading expiration dates throughout the month should avoid the delays when trying to renew your license, lawmakers said. That gas tax deal included Gov. Christie’s desired reduction in the sales tax. The second step in the two-step cut takes effect this year.