Nehmad Perillo & Davis remains on the cutting edge of legal news, recently released court opinions, legislative news and upcoming events which affect the business and real estate sectors of New Jersey. Our blog chronicles emerging issues that affect your company and livelihood, from estate planning and tax appeals to real estate development and corporate organizations. We also focus on your individual legal needs with updates on education law affecting your children and grandchildren and estate planning updates to assist you in protecting your assets for future generations. Check back often or follow us on twitter for legal updates.
The North Wildwood Zoning Ordinance was recently amended to permit duplexes as a conditional use, requiring site plan approval.
On August 7, 2018 Stone Harbor may amend its zoning ordinance to permit pools to be established in the rear yard of bayfront lots under certain specifications.
The New Jersey Public Recreational Bathing Facility Code, N.J.A.C. 8:26-1.1 et seq. (“the Code”) was recently amended in ways that will impact community associations (e.g. condominium and homeowners’ associations) having at least three dwelling units.
The NJ Department of Community Affairs has reclassified roofing or siding jobs on one and two-family dwellings as minor work and ordinary maintenance, and now includes them on its list of home improvement jobs that no longer are subject to inspection. As such, it is no longer necessary to secure a construction permit to perform the work. The new rules took effect on Monday March 6, 2018.
An article in the Philadelphia Inquirer this weekend hits home the impact the new tax law will have on affordable housing.
We now have new federal tax laws for 2018. Perhaps the most significant impact on New Jersey will be the $10,000.00 cap on the deduction for state income and property taxes. Until now, New Jersey residents were able to deduct 100% of their state income and property taxes. Under the new federal tax code, that deduction is capped at $10,000.00.
On January 15, during his last day in office, Gov. Chris Christie signed into law Assembly Bill 1425/Senate Bill 3233, which implements major reforms to the requirements for the posting of performance and maintenance guarantees under the Municipal Land Use Law (MLUL), N.J.S.A. 40:55D-1 et seq. The new law is effective immediately. Municipalities are now constrained from requiring performance and maintenance guarantees for private improvements in a development.
Vincent L. Lamanna, Jr., Esq. was recently awarded the 2017 Daniel J. O'Hern Professionalism Award.
The New Jersey Department of Community Affairs, on or about November 21, 2017, will start accepting applications for tax credits from companies with a state business tax liability, up to a maximum of $1 million per company. The applications would be submitted to the Neighborhood Revitalization Tax Credit Program (NRTC), which is designed to foster the revitalization of New Jersey's distressed neighborhoods.