NJ nonprofits left hanging by law delaying unemployment tax hikes
TRENTON – A law enacted in January that reduces or delays increases in what employers pay for unemployment taxes that would have spiked during the COVID-19 emergency doesn’t cover some nonprofits, which hope a follow-up bill rescuing them will be passed in June.
Some nonprofits pay their unemployment insurance bills to the state through reimbursements if their workers are laid off or furloughed, instead of payroll taxes like other businesses. A January law delaying big hikes in unemployment taxes has been interpreted in a way that keeps self-insured nonprofits on the hook for their bills.
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