Title
Dept./ Agency: Finance
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: To reduce the interest and/or penalties charged on delinquent payroll taxes only.
Purpose: To implement a temporary Amnesty/Interest Reduction Payroll Tax Program
Program Period: August 1, 2020 through October 30, 2020
Additional Information:
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WHEREAS, in early March 2020, Governor Philip D. Murphy of New Jersey ("Governor Murphy") issued Executive Orders declaring a State of Emergency and a Public Health Emergency posed by the novel Coronavirus ("COVID-19"); and
WHEREAS, on March 11, 2020 the World Health Organization declared COVID-19 to be a global pandemic, which has resulted in deaths worldwide; and
WHEREAS, in order to stem the spread of the virus and to save lives, Governor Murphy issued Executive Orders which suspended all non-essential business operations and ordered individuals to stay home to save lives; and
WHEREAS, the pandemic caused by COVID-19 resulting in a State-wide call to stay at home to stop the spread of the virus, has detrimentally effected the ability of Newark businesses to operate and generate revenue; and
WHEREAS, the Administration together with the Municipal Council recognizes that there is a need to assist business owners who are delinquent with their payroll taxes and to avoid any possible increase in the payroll tax rate by offering a short term "Amnesty/Interest Reduction Payroll Tax Program"; and
WHEREAS, given the serious health concerns posed by COVID-19, this Administration and Municipal Council desires to implement an "Amnesty/Interest Reduction Payroll Tax Program" on payroll taxes only for the years 2020 and prior; and
WHEREAS, this "Amnesty/Interest Reduction Payroll Tax Program" only applies to subsequent interest and penalties that have accrued on delinquent payroll taxes; and
WHEREAS, this "Amnesty/Interest Redu...
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