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Tracking Legislation and Other Items Important to the Business Community:

State Budget Fiscal Year 2015
Senate Budget and Appropriations Committee & Assembly Budget Committee
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Tax on Job Creators
S-2263 (Sweeney/D-3) and
A-3485 (Prieto/D-32; Greenwald/D-6)

Senate committee passed; Assembly committee passed. Raises the gross income tax rate on taxable income exceeding $1 million to 10.75 percent for a three-year-period. This income tax hike hits much more than high income earners -- it also affects everyone in New Jersey in a very direct way. When taxes are increased, it damages our ability to attract and retain businesses, eroding our tax base and ultimately providing employers a reason to flee our state.

Senate Budget and Appropriations Committee S-2263 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Yes; Barnes, Peter J. - Yes; Beck, Jennifer - No; Bucco, Anthony R. - No; Cunningham, Sandra B. - Yes; Greenstein, Linda R. - Yes; O'Toole, Kevin J. - No; Oroho, Steven V. - No; Pou, Nellie - Yes; Ruiz, M. Teresa - Yes; Thompson, Samuel D. - No; Van Drew, Jeff - Yes

Assembly Budget Committee A-3485 Vote: Schaer, Gary S. (C) - Yes; Burzichelli, John J. (VC) - Yes; Brown, Christopher J. - No; Bucco, Anthony M. - No; Cryan, Joseph - Yes; Johnson, Gordon M. - Yes; Mukherji, Raj - Yes; O'Scanlon, Declan J. - No; Pintor Marin, Eliana - Yes; Singleton, Troy - Yes; Webber, Jay - No; Wimberly, Benjie E. - Yes

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Senate Budget and Appropriations Committee & Assembly Budget Committee
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Surcharge on Corporate Business Taxes
S-2262 (Sweeney/D-3) and
A-3484 (Burzichelli/D-3)

Senate committee passed; Assembly committee passed. Imposes a one-year 15 percent surcharge on the Corporation Business Tax (CBT), raising the rate from 9 percent to 10.35 percent. Tax hikes damage the state's efforts to retain and recruit companies, making it more challenging to foster economic growth and enhance job creation.

Senate Budget and Appropriations Committee S-2262 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Yes; Barnes, Peter J. - Yes; Beck, Jennifer - No; Bucco, Anthony R. - No; Cunningham, Sandra B. - Yes; Greenstein, Linda R. - Yes; O'Toole, Kevin J. - No; Oroho, Steven V. - No; Pou, Nellie - Yes; Ruiz, M. Teresa - Yes; Thompson, Samuel D. - No; Van Drew, Jeff - No

Assembly Budget Committee A-3484 Vote: Schaer, Gary S. (C) - Yes; Burzichelli, John J. (VC) - Yes; Brown, Christopher J. - No; Bucco, Anthony M. - No; Cryan, Joseph - Yes; Johnson, Gordon M. - Yes; Mukherji, Raj - Yes; O'Scanlon, Declan J. - No; Pintor Marin, Eliana - Yes; Singleton, Troy - Yes; Webber, Jay - No; Wimberly, Benjie E. - Yes

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Economic Development
Senate Budget and Appropriations Committee & Assembly Budget Committee
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Economic Opportunity Act of 2014, Part 3
S-1551 (Lesniak/D-20) and
A-3213 (Greenwald/D-6)

Assembly committee passed with amendments. Makes several technical changes that clarify provisions in the "New Jersey Economic Opportunity Act of 2013." A key change includes extending the date by which a developer seeking tax credits under the Economic Redevelopment and Growth Grant Program (ERG) must submit a temporary certificate of occupancy for the project. The date was extended from July 28, 2015 to July 28, 2018.

Senate Budget and Appropriations Committee S-1551 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Yes; Barnes, Peter J. - Yes; Beck, Jennifer - Yes; Bucco, Anthony R. - Yes; Cunningham, Sandra B. - Yes; Greenstein, Linda R. - Yes; O'Toole, Kevin J. - Yes; Oroho, Steven V. - Yes; Pou, Nellie - Yes; Ruiz, M. Teresa - Yes; Thompson, Samuel D. - No; Van Drew, Jeff - Yes

Assembly Appropriations Committee A-3213 Vote: Burzichelli, John J. (C) - Yes; Spencer, L. Grace (VC) - Yes; Casagrande, Caroline - Abstain; Conaway, Herb - Yes; DiMaio, John - Abstain; Lagana, Joseph A. - Yes; Lampitt, Pamela R. - Yes; McHose, Alison Littell - Abstain; Schaer, Gary S. - Yes

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Assembly Budget Committee
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Moratorium on Non-Residential Fees
A-1907 (Burzichelli/D-3; Bramnick/R-21; Singleton/D-7; DeCroce, B. /R-26; Lampitt/D-6; Wimberly/D-35)

Assembly passed 78-0. Assembly committee passed. Re-instates the moratorium on fees for non-residential construction projects that expired on July 1, 2013, and continues the moratorium through December 31, 2014. This bill sends a message that New Jersey is focused on enhancing economic growth, creating jobs and strengthening the economy.

Assembly Budget Committee A-1907 Vote: Schaer, Gary S. (C) - Yes; Burzichelli, John J. (VC) - Yes; Brown, Christopher J. - Yes; Bucco, Anthony M. - Yes; Cryan, Joseph - Yes; Johnson, Gordon M. - Yes; Mukherji, Raj - Yes; O'Scanlon, Declan J. - Yes; Pintor Marin, Eliana - Yes; Singleton, Troy - Yes; Webber, Jay - Yes; Wimberly, Benjie E. - Yes

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Assembly Appropriations Committee
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Incentives Claw-back
A-1808 (Wilson/D-5; Oliver/D-34; Coughlin/D-19; Caride/D-36; Wimberly/D-35)

Assembly committee passed. Requires corporations qualifying for certain state development subsidy grants to repay the entire grant amount if a corporation fails to uphold the terms of the grant. This legislation sends the wrong message to potential companies that are looking to expand or locate their business operations to New Jersey.

Assembly Appropriations Committee A-1808 Vote: Burzichelli, John J. (C) - Yes; Spencer, L. Grace (VC) - Yes; Casagrande, Caroline - Yes; Conaway, Herb - Yes; DiMaio, John - Yes; Lagana, Joseph A. - Yes; Lampitt, Pamela R. - Yes; McHose, Alison Littell - Yes; Schaer, Gary S. - Yes

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Environment
Assembly Environment and Solid Waste Committee
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Ban on Fracking
S-1041 (Gordon/D-38; Bateman/R-16) and A-2108 (Gusciora/D-15; Vainieri Huttle/D-37; Caride/D-36; Garcia/D-33)

Assembly committee passed. Prohibits the treatment, discharge, disposal or storage of any wastewater, wastewater solids, sludge, drill cuttings or other byproducts resulting from hydraulic fracturing for the purpose of natural gas exploration or production in any state. This bill sets a bad precedent by limiting opportunities for those in the field of energy production, and economically isolates our state by placing an embargo on out-of-state commerce, which directly violates the dormant Commerce Clause.

Assembly Environment and Solid Waste Committee S-1041/A-2108 Vote: Spencer, L. Grace (C) - Yes; McKeon, John F. (VC) - Yes; Benson, Daniel R. - Yes; Vainieri Huttle, Valerie - Yes; Wolfe, David W. - Yes

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RGGI
S-151 (Sweeney/D-3; Smith/D-17; Barnes/D-18)

Senate passed 24-16. Requires participation in the Regional Greenhouse Gas Initiative (RGGI). The State Chamber opposes this measure because the RGGI program was not effective in cutting emissions of carbon dioxide and the program ultimately contributed to higher energy prices for residents and businesses in New Jersey. Additionally, only ten northeastern states were part of RGGI, while states like our neighboring Pennsylvania declined.

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Labor
Assembly Budget Committee
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"Ban the Box"
A-1999 (Watson Coleman/D-15; Green/D-22; Spencer/D-29; Wimberly/D-35; Sumter/D-35)

Assembly committee passed. Prohibits an employer in the initial job application process from asking job candidates about their criminal history. The State Chamber remains opposed to this measure based on principle and the intervention on business operations and the hiring process.

Assembly Budget Committee A-1999 Vote: Schaer, Gary S. (C) - Yes; Burzichelli, John J. (VC) - Yes; Brown, Christopher J. - No; Bucco, Anthony M. - No; Cryan, Joseph - Yes; Johnson, Gordon M. - Yes; Mukherji, Raj - Yes; O'Scanlon, Declan J. - No; Pintor Marin, Eliana - Yes; Singleton, Troy - Yes; Webber, Jay - No; Wimberly, Benjie E. - Yes

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Thumbs up and down indicates the Chamber's support or opposition to issues. Call the New Jersey Chamber Government Relations Department at (609) 989-7888 with questions or comments.

Trenton Watch Archive