California Asset Protection News

NJ Drunk Driving Enforcement Fund

The Division of Highway Traffic Safety is responsible for the administration of the Drunk Driving Enforcement Fund program. These funds are obtained through the assessment of surcharges on defendants convicted of violating N.J.S.A. 39:4-50. These funds are made available to eligible municipalities based on the balance in the respective municipalities' accounts. The municipalities are notified of the account balances on a quarterly basis and can make application to the Division of Highway Traffic Safety for their funds. The funds are used for overtime enforcement related to drunk driving enforcement activities and for enhancements such as equipment for use in drunk driving activities.

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	Did You Know?
	LLC envelope offers substantial advantages over other entities LLC envelope offers substantial advantages over other entities, there are at least five common circumstances when a tax regime other than an S corporation may be more appropriate: 1) the business cannot qualify as an S corporation; 2) the one-class-of-stock limitation for S corporations cannot accommodate certain business terms agreed to by the parties; 3) the business involves appreciating assets (i.e., assets that have, or are likely to have, a fair market value in excess of basis), such as real estate; 4) the business has considerable debt and the owners anticipate significant losses; and 5) the wage-reduction tax strategy explained previously will not benefit the owners because either the primary income of the business is excluded from self-employment tax or, in the case of newly formed companies, one or more employee-owners already receive aggregate wages or self-employment income from an existing business in an amount which approaches the taxable wage base limitation