NJ To Cut Paid Family-Leave Tax
TRENTON, N.J. (AP) – Workers in New Jersey are getting a tax break.
The state will cut the annual contribution to the paid family-leave program from $35 to $17 a year beginning in January.
The decision follows word that the program has amassed $50 million since it was passed two years ago.
More than 37,600 employees have received $83 million to partly offset wages for taking time off to care for a new baby or ill relative since the program was launched last July.
Labor Commissioner Harold Wirths told The Star-Ledger of Newark the rollback shows state funds can grow when allowed to.
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