In the new year in new York and new Jersey will operate a number of new laws. The path to implementing some of them were very long, others are dictated by the circumstances and the dire need. Is standards relating to wages, electronic cigarettes, taxes etc, But all in the right.
New laws in new York
- Raising the minimum wage
The second phase of lifting the minimum wage will start on 31 December 2017. The law provides for raising the minimum wage to 13 dollars an hour to employees of companies employing 11 or more employees; up to $ 12 per hour to employees of small firms with 10 and less employees are hired; up to $ 11 per hour in long island and Westchester.
- Paid family leave
This innovation to the labor legislation of the state. Most employees will be entitled to paid compassionate leave up to 8 weeks due to the formation of the insurance of the Bank through weekly deductions from salary. Time can be spent at the discretion of the employee to care for a newborn child, care for a sick relative, etc. Deductions will be made from 1 January 2018.
- Electronic cigarettes are sold under license
Selling electronic cigarettes in new York from 1 January 2018 subject to licensing. The number of merchants with these devices will be halved.
- New regulations concerning the sale of tobacco and tobacco products
Pharmacies and retail stores with pharmacy sections will be unable to sell tobacco products in all five boroughs, starting on 24 February 2018.
New laws new Jersey
- The increase in the minimum wage
Minimum wage around the state will increase from 8.44 per hour to 8.60 per hour from December 31, 2017.
- The sales tax is reduced
From 1 January 2018 sales tax in new Jersey will be reduced from 6,875% to 6.625%.
- The abolition of the estate tax when you inherit
It’s no secret that the real estate tax in new Jersey was one of the highest in the country. However, in 2017, the threshold value of the taxable property was raised from $ 650,000 to $ 2 million. In 2018, the tax is abolished altogether. We are talking about real estate, take in inheritance after the death of the testator, if the latter died during the period from 01 January 2017 01 January 2018.
