Bill Text: NJ S2347 | 2016-2017 | Regular Session | Chaptered

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Bill Title: Permits certain municipalities to impose and collect payroll tax of up to 1 percent of employer's payroll.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2017-03-22 - Approved P.L.2017, c.35. [S2347 Detail]

Download: New_Jersey-2016-S2347-Chaptered.html

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P.L.2017, CHAPTER 35, approved March 22, 2017

Senate, No. 2347 (First Reprint)

 

An Act concerning the payroll tax levied by certain municipalities and amending P.L.1970, c.326.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    Section 15 of P.L.1970, c.326 (C.40:48C-15) is amended to read as follows:

     15.  Any municipality may by ordinance impose and collect an employer payroll tax for general municipal purposes of the municipality at a rate of up to 1% of the employer's payroll.  ¹Any reduction in the employer payroll tax while the municipality is in receipt of transitional aid shall be subject to approval by the Department of Community Affairs.¹

(cf:  P.L.1970, c.326, s.15)

 

     2.    This act shall take effect immediately.

 

 

                                

 

     Permits certain municipalities to impose and collect payroll tax of up to 1% of employer's payroll.