Gov. Chris Christie signed legislation that changes period of time used to calculate taxes workers are required to pay toward the state’s Temporary Disability and Family Leave funds from the most recent calendar year to the most recent fiscal year. The legislation, S. 3176, (Madden, Mukherji) requires the Department of Labor and Workforce Development to publish online the estimated tax rates for the next year no later than 60 days after end of the fiscal year on June 30. The law takes effect for the 2018 calendar year.
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