Recent Articles from Daniel J. Munoz
Citing the difficulty state-based businesses are facing with a dual Oct. 15 due date for federal and state returns amid upheaval from the COVID-19 pandemic, the governor said New Jersey would extend its own corporate business tax deadline.
With the Prudential Center in Newark slated as home to the NCAA’s 2025 East Regional, with Seton Hall University as host, state lawmakers are looking to partially lift a ban on sportsbooks accepting wagers on collegiate games taking place in New Jersey.
The number came in at 6.7% for the month of September, down from its record-setting 16.8% high in June. Heading into the pandemic it was 3.7%.
The Senate President conceded that a cap of some kind could come to fruition, “if we can raise it high enough."
The proposed legislation – which has met fierce criticism from business groups and the New York Stock Exchange, but in addition to Sweeney also has the support of Gov. Phil Murphy – is slated for an Assembly committee hearing on Oct. 19
Micro-businesses are eligible for grants up to $5,000, companies with between six and 25 full-time employees can get up to $10,000, and those with between 26 and 50 full-time employees can get up to $15,000 in grants.
The meeting will offer critics of the plan – such as the major stock exchanges and other financial institutions – the opportunity to express concerns over the proposal.
No locations were removed under the latest announcement, bringing the total list of states and territories to 38.
New Jersey registered 991 new instances overnight, according to the governor, while Commissioner of Health Judith Persichilli said this week that hospitalizations have seen a 100% increase over the past month.
Under the proposed legislation, workers that test positive for the virus during the public health state of emergency will be presumed to have gotten it at on the job, making them eligible for worker’s compensation and other benefits.