New Jersey Statutes 40:48C-14. Definitions; employer; payroll
Terms Used In New Jersey Statutes 40:48C-14
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
“Employer” means any individual, corporation, company, association, society, firm, partnership, joint stock company, trust, estate, or foundation standing in the position of employer in an employer-employee relationship, having one or more employees and having a payroll in excess of $2,500.00 in any calendar quarter; other than
a. the Government of the United States;
b. the State of New Jersey or a county, municipality, school district or special district of the State;
c. an interstate agency; or
d. an agency or instrumentality of any organization enumerated in a., b. or c. above;
e. any insurance company formed by authority of another state or foreign country and subject to the provisions of P.L.1950, c. 231 (C. 17:32-15).
“Payroll” means an amount equal to the total remuneration paid by employers to employees which is subject to withholding by the employer for Federal income tax purposes for services, other than domestic services in a private residence, if
(a) The services are performed within the municipality; or
(b) The services are performed outside the municipality and the place from which the services are supervised, is in the municipality.
L.1970, c. 326, s. 14, eff. Dec. 23, 1970.