Devin Group, Inc. President & CEO Herb Ames tells us how NJBIA can bring power to your organization.
Effective January 1, 2007, P.L. 2006, c. 85 requires New Jersey businesses to withhold 7 percent from payments to construction contractors who are unincorporated and not registered with the New Jersey Division of Revenue, and to forward withholdings monthly to the Division of Taxation. Under this act, the business owner is also made liable for […]
—Background— On September 1, 2006, Governor Corzine enacted P.L. 2006, c. 96, which requires property owners to pay prime contractors within 30 days of the completion of certain construction work. The law applies to all contracts entered into, on or after September 1, 2006. A separate statutory provision applies to subcontractors, which requires prime contractors […]
—Background— The New Jersey Contractor Registration Act (N.J.S.A. 56:8-136 et seq.) requires all full and part-time contractors who engage in “home improvements” to annually register with the New Jersey Division of Consumer Affairs as a Home Improvement Contractor (HIC). Additionally, the law provides certain remedies for consumers who are dissatisfied with a contractor and requires […]
–Background– Capital Improvements Performed by Landscapers and Similar Businesses Effective October 1, 2006, charges for certain defined landscaping services are subject to tax. See N.J.S.A. 54:32B- 3(b)(2), as amended, and P.L. 2006, ch. 44. The tax is applicable to sales by a landscaper to a property owner or to a general contractor. See examples from […]