NJCPA Supports Unemployment Insurance Bill

 – March 22, 2022
NJCPA Supports Unemployment Insurance Bill

As part of the New Jersey Business Coalition, the New Jersey Society of CPAs has signed on to support S-733/A-2152, a bill that addresses three desperately needed fixes for New Jersey's unemployment insurance (UI) payroll tax increase and the UI Trust Fund that is funded by that tax. The bill would:

  • Reduce pending payroll tax increase by more than $300 million  
  • Pay off federal UI loan and avoids unnecessary interest payments
  • Provide transparency on a state tax increase that is not controlled by the state Legislature

Read the full letter