New Jersey S2459 applies prevailing wage rates to residential projects of limited size under certain tax arrangements.

New Jersey S2459 mandates that workers on residential projects of four stories or less, which are subject to specific tax abatements, payment in lieu of tax (PILOT) programs, or tax exemption agreements, receive the prevailing wage rate. This applies to construction work in redevelopment areas under the "Long Term Tax Exemption Law," the "Five-Year Exemption and Abatement Law," or the "Local Redevelopment and Housing Law." The prevailing wage rate is determined by the Commissioner of Labor and Workforce Development based on collective bargaining agreements for the locality and type of work.

New Jersey S2459 applies prevailing wage rates to residential projects of limited size under certain tax arrangements.

New Jersey S2459 mandates that workers on residential projects of four stories or less, which are subject to specific tax abatements, payment in lieu of tax (PILOT) programs, or tax exemption agreements, receive the prevailing wage rate. This applies to construction work in redevelopment areas under the "Long Term Tax Exemption Law," the "Five-Year Exemption and Abatement Law," or the "Local Redevelopment and Housing Law." The prevailing wage rate is determined by the Commissioner of Labor and Workforce Development based on collective bargaining agreements for the locality and type of work.