Insights

New Amendments to the New Jersey Uniform Contruction Code Act Allow Developers to Contract with Private Inspection Agencies  

On December 22, 2022, Governor Murphy signed into law Bill A-4295/S-2876 (the “Act”). The Act (1) ends tax-related COVID-19 statute of limitation suspensions; (2) adopts the Multistate Tax Commission’s model statute for implementing adjustments resulting from the federal partnership audit regime; and (3) removes the requirement for corporations that are federally recognized as S Corporations to have to separately elect S Corporation status under New Jersey law.  

Inflation adjustments for 2023 could provide more opportunities for high net worth individuals to transfer wealth to their loved ones without paying gift or estate tax, regardless of how much they’ve gifted in previous years. The basic exclusion amount will increase 7.13%, from $12.06 million to $12.92 million per person.  

CSG Law’s Managing Member, Patricia Costello, and Member of the Intellectual Property Group, Abigail Remore, will both participate in the New Jersey Institute for Continuing Legal Education webcast on Thursday, December 15 held at the New Jersey Law Center in New Brunswick, NJ.  

Join CSG Law's Neha Bhalani & Abigail J. Remore on December 8th at 12:00 PM for a Lawline webcast discussing diverse women in law.  

Join Practice Group Leader of CSG Law's Healthcare & Hospital Group, Nicole DiMaria, on November 22, from 5:00 - 6:00 PM, as she moderates a New Jersey State Bar Association webcast. This health law CLE meeting will cover best practices for submitting facility licensure applications to the New Jersey Department of Health.  

Francis J. Giantomasi of Chiesa Shahinian & Giantomasi PC (“CSG Law”) was featured on Steve Adubato’s Lessons in Leadership with Co-Host Mary Gamba on News 12+ on March 19 where he shared his perspective on the law, family and leadership as well as the firm’s move to its state-of-the-art, 120,000 square foot headquarters at 105 Eisenhower Parkway in Roseland, New Jersey.