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Out of Touch Governor Waited Too Long to Provide Summer Rental Relief

the staff of the Ridgewood blog

OCEAN TOWNSHIP NJ, After Governor Phil Murphy allowed months of lost business and income for people who rely on the summer rental season, Assembly candidates Matt Woolley and Mike Amoroso are relieved to hear an 11.625 percent tax passed last year has been repealed. Woolley and Amoroso are challenging Assemblywoman Joann Downey and Assemblyman Eric Houghtaling in the 11th legislative district.

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Finally Governor Murphy Signs Legislation Easing Taxation on Shore Rentals

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Governor Waits till the second week in August to repeal new renters tax

the staff of the Ridgewood blog

Ridgewood NJ,  Governor Phil Murphy today signed legislation (A-4814) amending the transient accommodations law enacted last summer to provide relief for many shore renters by narrowing the scope of rentals that are subject to taxation. The administration conducted a thorough legal and technical review to ensure that the legislation, as written, was not only feasible to implement, but more closely mirrors the original intent, which was to create parity throughout the rental industry by extending the existing tax on hotels and motels to certain short-term rentals, such as those done through online marketplaces. “Our shore economy adds tremendous vitality and dynamism to New Jersey,” said Governor Murphy.

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Quinnipiac Poll: Post-Debate, Warren Up, Harris Down, Biden Leads and Booker flops

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Ridgewood NJ, Massachusetts Sen. Elizabeth Warren is the big winner in the second round of Democratic presidential debates, but former Vice President Joseph Biden retains his front-runner status with 32 percent of Democrats and independent voters who lean Democratic, according to a Quinnipiac University National Poll released today.

Sen. Elizabeth Warren has 21 percent among Democrats, with 14 percent for Vermont Sen. Bernie Sanders and 7 percent for California Sen. Kamala Harris.

This compares to results of a July 29 survey by the independent Quinnipiac (KWIN-uh- pe-ack) University National Poll, showing Biden with 34 percent, Warren with 15 percent, Harris with 12 percent and Sanders with 11 percent.

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Shore Rental Tax Relief Nowhere in Sight

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the staff of the Ridgewood blog

Ocean City NJ, Legislation that would relieve the costly consequences of a tax on short-term rentals that was imposed by Governor Phil Murphy last year continues to sit on the governor’s desk while evidence of the tax’s damage to the Jersey Shore economy mounts.

Senator Jim Holzapfel and Assemblymen Greg McGuckin and Dave Wolfe (all R-Ocean) say they are frustrated by the delay and are calling on the Murphy administration to enact the bill before it’s too late for the summer season.

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Newell Brands Maker of Sunbeam, Crock-Pot, Oster, Mr. Coffee, Yankee Candle Leaving New Jersey

the staff of the Ridgewood blog

HOBOKEN NJ , Newell Brands (NASDAQ: NWL) today announced the companies  decision to move its corporate headquarters from Hoboken to Atlanta, Georgia, in order to facilitate a stronger connection between senior leaders and the operations of the business, and to enhance the company’s culture and sense of community. Three of Newell’s seven operating divisions (Writing, Baby and Food) are based in Atlanta.

A Newell spokesperson said the company has approximately 300 employees in Hoboken currently, and less than 100 — primarily in leadership roles — would be moving South. The company will maintain its E-Commerce division in New Jersey, with all employees staying in Hudson County.

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The New Jersey Business & Industry Association: it is paramount New Jersey puts a strong tax incentive program in place to attract and retain business

the staff of the Ridgewood blog

Trenton NJ, The New Jersey Business & Industry Association testified today that it is paramount New Jersey puts a strong tax incentive program in place to attract and retain business in order to offset the high cost of doing business in the state.

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President of the Commerce and Industry Association of New Jersey ,”It is time to focus on passing laws which help businesses”

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the staff of the Ridgewood blog

Trenton NJ, Anthony Russo, president of the Commerce and Industry Association of New Jersey (CIANJ). CIANJ is a statewide business advocacy group, with offices in Rochelle Park and Trenton, representing the interests of more than 900 members from virtually every business sector (manufacturing, hospitality, financial, insurance, academia, healthcare, etc.). CIANJ prides itself in being a leading advocate for a free market economy, because we firmly believe it is through a free market economy that New Jersey thrives in terms of innovation, competition and the creation of private sector jobs.

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New Jersey Society of CPAs Reminds Taxpayers to Check Tax Withholding Amid Pending IRS W-4 Form Changes

the staff of the Ridgewood blog

Ridgewood NJ,  The New Jersey Society of Certified Public Accountants (NJCPA) reminds taxpayers to review their current federal income tax withholding from their paychecks, particularly as the IRS is issuing a new Employee’s Withholding Allowance Certificate (Form W-4). The IRS issued a draft 2020 Form W-4 in May and expects to issue a final version in November.

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Governor Murphy ends school Superintendent Salary Cap

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the staff of the Ridgewood blog

Ridgewood NJ,  Gov. Phil Murphy signed legislation ending the cap on school superintendent salaries in New Jersey. The Democratic governor signed the measure baring the state Department of Education from setting maximum salaries for superintendents and sets guidelines for school executive contracts to limit or standardize bonuses, golden parachutes and other fringe benefits.

Former Republican Gov. Chris Christie had implemented a $175,000 cap on superintendents in 2011, citing what he called high salaries and generous perks in superintendent contracts. The cap was raised to $191,584 in 2017, with incentives to earn more if school chiefs stay in the same district.

So who wants to guess how long it will take for the Ridgewood Board of Education to raise the salary of our schools superintendent?

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Governor Murphy’s lawsuit against the Internal Revenue Service is a waste of state resources and taxpayer money

the staff of the Ridgewood blog

Trenton NJ, Senator Joe Pennacchio criticized Governor Murphy’s lawsuit against the Internal Revenue Service, claiming it is a waste of state resources and taxpayer money.

“The Murphy Administration is lawsuit happy,” said Pennacchio (R-26). “The Governor should not be using New Jersey taxpayer dollars to play politics. Rather than fighting with the federal government, I urge Governor Murphy to focus on genuine and immediate tax solutions that we have the power as state lawmakers to advance.”

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