Despite what felt like sea-changing momentum, marijuana legalization in New York and New Jersey have met serious roadblocks — and at almost exactly the same time. Just a few months ago, it had seemed all but certain in both states, with supportive governors backing progressive legalization poised to pass Democratic-controlled statehouses. Then, in the span of just a few days in late March, both states saw their efforts fall apart. Officials remain optimistic, but refuse to give a timetable for possible legalization. In New Jersey, lawmakers reportedly had the votes to pass a legalization bill through the General Assembly, which the Governor would have signed into law. But things fell apart in the Senate, with leadership pulling the bill from the floor just before it went to vote. Barely 24 hours after making that decision, that state’s senate president, Stephen M. Sweeney, heaved a deep sigh into the telephone when asked how the process had been. … [Read more...] about After Recent Setbacks, Will New York and New Jersey Legalize Pot?
New jersey sales tax return
When he started selling race car equipment 40 years ago, Chris Heitman never imagined that he'd have to learn which states charge sales tax for fireproof underwear. "Is it clothing? Is it specialized equipment? That's the question," he says. And since the answer isn't always clear, he errs on the side of charging the tax—better to overcharge a customer than to face the wrath of the taxman, after all. Image courtesy Chris and Clara HeitmanHeitman and his wife, Carla, have been running Pegasus Auto Racing Supplies since they founded the company back in 1980, out of a two-story building in New Berlin, Wisconsin. Until last year, that meant Heitman was responsible for collecting and paying sales taxes to exactly one place: the Wisconsin Department of Revenue. But thanks to an under-the-radar ruling from the U.S. Supreme Court in June, he's now receiving letters, phone calls, and emails from revenue officials across the country, each wanting a piece of his business. The source of … [Read more...] about The Supreme Court’s Online Sales Tax Ruling Is Already a Huge Headache for Small Businesses
For two years, Steve McGee and Dennis Kenney shared a “one-bedroom-plus” at Chelsea Landmark on West 25th Street, with nearly 900 square feet that included a dining room and an extra half bathroom. The monthly rent climbed into the high $6,000s. Mr. McGee, who came to New York from the Midwest for work, totted up the amount he had spent on rent in his seven years in the city. It was in the vicinity of $500,000. “I did not want to keep putting my money in the hands of a landlord instead of contributing to something I would own,” said Mr. McGee, 50, an executive whose office is in Union, N.J. “I could be well on the way to having a nice amount of equity.” Mr. Kenney, 41, who is from Boston and spent years moving among New York rentals, was especially eager to set down roots. A few years ago, he found himself teaching performing arts on the Gulf Coast of Florida and planning to buy a home there. That’s where he met Mr. McGee, returning with him to … [Read more...] about It’s Newer in New Jersey
Peter Loria still recalls with disappointment the time he tried to open a restaurant in Ridgewood. He poured a chunk of his retirement savings into what he thought would become a destination for New Jersey food lovers, but he hit a common roadblock. "I couldn’t get a liquor license," Loria, who owns Café Matisse in Rutherford, said of the 2007 project. "So it never opened. It was heartbreaking." Loria is one of countless casualties of New Jersey’s notoriously restrictive laws governing who can sell alcohol. Those laws, which date back to the post-Prohibition era, limit municipalities to one liquor license per 3,000 residents. In places where demand is high, licenses can sell for $1 million or more — if they are available at all. The result is a dining scene that, in the words of Morris Davis, a Rutgers professor who studies the economics of real estate and housing, is “diseased.” And more problematic still, the laws are seen by local … [Read more...] about Liquor licenses in New Jersey cost $350K and it’s crippling the state’s dining scene
As the Thanksgiving holiday arrives, we take the opportunity to sit back with family and friends to appreciate all the good things life has to offer. And of course, our passion for sports – and our teams – is one of them. So with this in mind, here's a look at what our area pro sports teams, some of which are admittedly struggling at the moment, have to be thankful for this season: New York Giants Health: Sure, the Giants have come nowhere close to satisfying expectations this season. What they should be thankful for – both on and off the field – is their health. General manager Dave Gettleman is in remission after he revealed he had lymphoma this summer, and despite criticism of decisions he has made in his first season, the fact he is feeling well enough to travel with the team and continue to do the job on a daily basis is reason to celebrate. Same goes for special teams coordinator Thomas McGaughey, who also revealed he was undergoing … [Read more...] about Sports on Thanksgiving: What our New York and New Jersey teams should be thankful for