Video instructions and help with filling out and completing What Form 2220 Employers

Instructions and Help about What Form 2220 Employers

Today I'm pleased to announce that the growing health and solvency of our trust fund which now has a positive balance of 1.8 billion dollars will allow for yet another tax cut to be realized by our employers we had announced just a few weeks ago a two hundred million dollar tax cut effective July 1st we're now announcing that we will increase that tax cut on July 1st by another 180 million dollars making for a total tax cut of 380 million dollars for our employers as of July 1st this is the largest unemployment insurance tax relief in new jersey history the single biggest unemployment tax cut for businesses in the modern history of the state on average New Jersey companies will pay nearly $100 less per employee in taxes it's a tremendous benefit for everybody in the state because it'll allow successful private-sector companies just like this one New Jersey manufacturers not the government to continue growing our economy and creating jobs and I absolutely believe it's because of the policies that we've worked with in concert with the business community when I was running for governor in 2009 I didn't feel the need to go and reinvent the wheel I went to the business community and said what are the things that you've been begging for for the last eight years telling me and we'll try to get it done and we did 2.3 billion dollars in tax reforms and reductions that are fully now phased in and we're seeing the benefit of that across the state our New Jersey grow program an economic incentive programs have been merged into one and now being run by the Economic Development Authority in a way that really allows us to target not only the places in the state that we want to have business go with New Jersey growth zones but also for the kind of industries and the kind of jobs that we want to attract