Businesses are no longer faced with a big increase in unemployment taxes under a bill Gov. Phil Murphy signed into law. The new law phases in the tax increases, rather than implementing a hefty increase on businesses all at once. Revenue from the tax is used to replenish the state’s unemployment insurance trust fund, which has been depleted due to New Jersey’s high level of unemployment. Murphy says this law will alleviate the financial burdens many businesses are facing and help them get back on their feet.
Meantime, the governor also signed a bill that would allow tenants to pay their rent using credit cards during the pandemic. But he vetoed a bill that would have expanded the opportunities for more outdoor dining. While acknowledging that bars and restaurants have been among the businesses hardest hit by the pandemic, he stated that the bill circumvents existing licensing and health and safety regulations.
A new ordinance in Jersey City caps the delivery fees that Grubhub, Uber Eats and others charge local restaurants. The city council voted Monday to prevent restaurants from being charged more than 15% per order when using the apps. There was a state law capping delivery fees, but that expired at the end of the year.
Still waiting for your new stimulus payment? The IRS has started making direct deposits in taxpayer accounts, but if you haven’t gotten your payment yet, you can check to see if it’s on the way. The IRS has reactivated its Get My Payment tool on its website, which allows you to track your payment.