Business Report: Court rules on SALT cap, minimizing age discrimination, home bakers get OK, Facebook fallout

Appeals court rejects bid to roll back limit on federal deductions on state and local taxes

In another setback to efforts to roll back the limit on federal deductions on state and local taxes, a federal appeals court rejected arguments by New Jersey and three other states seeking to overturn the SALT cap, according to Reuters. In a 3-0 decision, an appeals court in Manhattan ruled the federal government had the authority to impose a $10,000 cap on deductions, which occurred as a part of the 2017 tax overhaul. The four states argued the cap is unconstitutional.

Older New Jersey workers now have more protection against discrimination. Gov. Phil Murphy Tuesday signed legislation strengthening workplace laws to end discrimination in the hiring, promotion, or forced retirement of employees based on their age. Among other things, the legislation closed a loophole in New Jersey law that mandated tenured higher education employees retire at age 70.

A win for New Jersey home bakers and candy makers looking to make money from their culinary creations: New Jersey now allows baked goods made from home to be sold for profit. The state health department has published new guidelines to allow residents to operate businesses from home kitchens. Residents will need to apply for a license, which costs $100. Until now, New Jersey had been the only state in the country that prohibited the sale of home-baked goods for profit.

On Capitol Hill Tuesday, Frances Haugen, a former Facebook product manager turned whistleblower, told Congress she believes the company’s products harm children and that lawmakers should take action. Her comments come after Tuesday’s outage involving Facebook and two of its other apps disrupted communication for billions of users, including small businesses who rely on the services.

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