Under both New Jersey (NJ) and Federal law, unless exempt, employees who work more than forty (40) hours in a given week are required to be paid at least one-and-a-half times their regular hourly rate.
Yet another Tax Court decision applying NJSA 54:4-3(6) (the Exemption Statute) was issued that should give pause to New Jersey's Medical Centers.
NJSA 54:3-21 is the jurisdictional statute for tax appeals.
On October 30, 2009, the Tax Court of New Jersey decided Mack-Cali Realty, LP, et al. v. Clerk of Bergen County, et al. which presented the question of whether the exemption from the realty transfer fee allowed by N.J.S.A. 46:15-10(a) where consideration is less than $100.00 is applicable from two conveyances from Mack-Cali to other limited liability companies which it was the sole member.