LexisNexis® Legal Newsroom
  • 07-02-2012 | 14:43 PM
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May My Company In New York Pay Its Employees In Sweat Equity Instead Of Cash?

Many individual owners of closely held businesses want to hire an employee for the business, but lack the cash flow to do so. Periodically, owners of a cash-strapped, closely held business in New York, who want the business to hire a worker, will ask me whether, instead of paying the worker the minimum...

Does an Employer in New York Receive Credit Toward the Minimum Wage for the Value of an Apartment Furnished to an Employee in a Residential Building?

In New York City, it is common for the owner of a residential building to furnish the building's superintendent and the superintendent's family with an apartment to live in, rent free. This practice raises the question: In New York State, does an employer receive credit toward the minimum...

Over the Next Three Years, New York Raises the Minimum Wage to $9.00 Per Hour

On March 29, 2013, New York Governor Andrew Cuomo signed into law a state budget for the 2013-2014 fiscal year, N.Y. State Senate Bill S02607D , N.Y. State Assembly Bill No. A03007D ("the Act"). The Act includes a provision, Part P, which, over a period of three years, raises New York State's...

New York Wage Board Recommends $7.50 Hourly Wage for Tipped Workers

by Ryan Duffy Under a proposal recommended by the state’s Wage Board on Friday, January 30, 2015, tipped workers in New York state, including restaurant servers and hospitality workers, would have their minimum hourly wage increased to $7.50 per hour before tips. If approved by the commissioner...

State Net Capitol Journal: Cuomo Pushes to Raise NY Minimum Wage

New York Governor Andrew Cuomo (D) kicked off a statewide tour last week to promote his plan to raise the Empire State minimum wage to $10.50 per hour, which he said would lift 100,000 workers out of poverty and produce a $3 billion annual boost to the state’s economy. Cuomo signed legislation...