Title
Dept./ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Refund
Purpose: To provide refund for overpayment of payroll taxes.
Entity Name: Hudson Meridian Construction Group, LLC
Entity Address: 61 Broadway, New York, New York 10006
Amount: $23,858.06
Additional Information:
The vendor incorrectly calculated payroll tax at 10%, rather than at 1%.
A Certification of Funds in the amount of $23,858.06.
body
WHEREAS, Hudson Meridian Construction Group, LLC, 61 Broadway, New York, New York 10006, submitted payroll tax statements for 2nd Quarter 2022 and 3rd Quarter 2022; and
WHEREAS, the payroll tax for the City of Newark (the City”) is one percent (1%) of the total Federal earnings reported by Hudson Meridian Construction Group, LLC; and
WHEREAS, Hudson Meridian Construction Group, LLC, incorrectly calculated the payroll tax at a rate of ten percent (10%) of the total Federal earnings reported by Hudson Meridian Construction Group, LLC, and therefore made payments in excess; and
WHEREAS, Hudson Meridian Construction Group, LLC is requesting that the excess payroll tax be returned and a refund be issued for such overpaid amounts; and
WHEREAS, it is the determination of the Department of Finance, on behalf of the City of Newark, that the excess payroll taxes paid for by Hudson Meridian Construction Group, LLC, be returned and a refund be issued in the amount of Twenty-Three Thousand Eight Hundred Fifty-Eight Dollars and Six Cents ($23,858.06).
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Director of the Department of Finance is hereby authorized to issue a refund check in the amount of Twenty-Three Thousand Eight Hundred Fifty-Eight Dollars and Six Cents ($23,858.06) to Hudson Meridian Construction Group, LLC, 61 Broadway, New York, New York 10006, against overpayment of payroll taxes paid, by paying ten percent (10%) of the total Federal earnings reported by Hudson Meridian Construction Group, LLC, instead of one percent (1%).
2. Attached is a Certification of Funds from the Director of the Department of Finance, which states: (1) that there are sufficient funds in the amount of Twenty-Three Thousand Eight Hundred Fifty-Eight Dollars and Six Cents ($23,858.06), for the purpose set forth herein above; and (2) that the line appropriation which shall be charged is as follows:
Business Unit Department Division/Proj. Account # Bud. Ref.
NW011 050 0505 51210 B2023
3. A fully executed copy of this Resolution, shall be filed in the Office of the City Clerk by the Construction Official for the Department of Finance.
STATEMENT
This Resolution authorizes the Director of the Department of Finance to issue a refund check made payable to: Hudson Meridian Construction Group, LLC, 61 Broadway, New York, New York 10006, in the amount of $23,858.06, against overpayment of payroll taxes paid.