NJ Spotlight News

NJ businesses to see gradual increase in unemployment taxes

Clip: 01/05/2021 | 2m 29s | Video has closed captioning.

The new law phases in the tax increases, rather than implementing a hefty increase on businesses all at once. Revenue from the tax is used to replenish the state’s unemployment insurance trust fund, which has been depleted due to New Jersey’s high level of unemployment.

Aired: 01/05/21

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.