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Bill > A508
NJ A508
NJ A508Concerns workers' compensation insurance requirements for certain corporations and partnerships.
summary
Introduced
01/14/2020
01/14/2020
In Committee
12/14/2020
12/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill revises the definition of "employer" in the workers' compensation law, R.S.34:15-1 et seq., to exempt certain partnerships from the requirements of that law. The bill provides that a partnership is not subject to the requirements of the workers' compensation law if there are only two partners and if there is no other individual or individuals that perform services for the partnership. The bill revises the definition of "employee" in the law to permit an S corporation that has only one individual who performs services for the corporation and is the only shareholder in the corporation to choose whether or not to obtain workers' compensation coverage.
AI Summary
This bill revises the definition of "employer" in the workers' compensation law to exempt certain partnerships from the requirements of that law. Specifically, a partnership is not subject to the workers' compensation law if there are only two partners and no other individuals performing services for the partnership. The bill also permits an S corporation with only one individual who performs services for the corporation and is the only shareholder to choose whether or not to obtain workers' compensation coverage. The bill specifies that this provision does not modify the status of any individual or corporation with respect to any tax or other law other than the workers' compensation law. The bill takes effect 180 days after enactment and applies to all policies issued on or after that date.
Committee Categories
Labor and Employment
Sponsors (5)
Last Action
Reported out of Assembly Comm. with Amendments, 2nd Reading (on 12/14/2020)
Official Document
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