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Women business leaders are about twice as likely as their male counterparts to say their company should put more effort into increasing gender diversity, a new poll said.

The New Jersey Chamber of Commerce is pleased that the constitutional amendment mandating pension payments will not be on the November ballot.

This should clear the way for state legislators to expeditiously resolve the Transportation Trust Fund and tax fairness issues, including the phase out of the estate tax, as proposed by the state Senate and Assembly.

The N.J. Chamber believes the state legislature should pass the proposed legislation that responsibly funds the Transportation Trust Fund and effectively provides tax reform and fairness. Both are critical to New Jersey's economic future.

We are very pleased to see New Jersey's strong job growth in the month of June. As we have said many times, job growth is the key to the economic future of New Jersey and we hope this month begins a sustained trend that enhances New Jersey's business climate and enables us to achieve fiscal stability.

As I watched the Republican National Convention roll call on Monday night, I was struck by the number of times delegates displayed pride in their respective states, and talked about the prominence and prosperity in place "back home." That's in stark contrast to the stalled Transportation Trust Fund/tax fairness situation we are facing here in New Jersey.

Dr. Bonnie Bassler, whose work at Princeton University is changing the face of medicine and laying the groundwork for new antibiotics, will receive the New Jersey Chamber of Commerce's second annual Alice H. Parker Women Leaders in Innovation Award, the N.J. Chamber announced today.

Tracking Legislation and Other Items Important to the Business Community:

Economic Development
Thumbs Up

Extends Permits for Superstorm Sandy-impacted Counties
A-3617 (Green/D-22; Rible/R-30; Mukherji/D-33; Houghtaling/D-11; Mazzeo/D-2; Sarlo/D-36; Kyrillos/R-13)

Senate passed 39-0, signed by Governor on June 30, 2016. Extends expiration date of certain permits for one year in Superstorm Sandy-impacted counties. Gaining a permit extension is difficult and costly, resulting in once-approved permits to expire or lapse. This causes lenders to re-appraise and subsequently lower real estate valuations, thereby requiring the reclassification of numerous loans, which affect the developer's ability to apply for future loans. Under this bill, nine counties in New Jersey would have their permits extended to December 31, 2016.

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Thumbs Down

Revises BEIP Tax Credit Schedule
A-4002 (Schaer/D-36)

Senate passed 28-9, signed by Governor on June 30, 2016. Businesses that were awarded grants under the Business Employment Incentive Program (BEIP) can opt to have their grants converted into tax credits. This bill revises the priority schedule to issue those converted tax credits to the oldest, outstanding grant awards that have been accrued but not paid to businesses from 2008 to 2013 over a five year period. In the first year, businesses will receive a tax credit that totals 5 percent of the amount of the grant. In the second year, the tax credit will be 20 percent of the grant, and the subsequent three years would be 25 percent each, totaling a hundred percent of the grant accrued but not paid over 5 years.

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Thumbs Up

Establishes "Small Business Bonding Readiness Assistance Program"
S-123 (Pennacchio/R-26; Rice/D-28)
A-3559 (Holley/D-20; Oliver/D-34; Wimberly/D-35; Muoio/D-15; Pintor Marin/D-29)

Senate passed, 39-0. Establishes a "Small Business Bonding Readiness Assistance Program" to be run by the New Jersey Economic Development Authority to assist certain small businesses in meeting state or federal contract surety bond requirements. The program will receive $250,000 annually from the enterprise zone assistance fund. This program is intended to give small businesses the knowledge and capacity to bid on public works projects or perform government contracts.

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

It is imperative that we begin to invest in the repair and upgrades of our roads, bridges, tunnels and other infrastructure as soon as possible. This is critical to our state's economic health and to the safety of the thousands of New Jersey drives who use and depend on this infrastructure every day.

Tracking Legislation and Other Items Important to the Business Community:

Economic Development
Thumbs Down

Revises BEIP Tax Credit Schedule
S-2376 (Sarlo/D-36)
A-4002 (Greenstein/D-14)

Senate passed 27-10 and Assembly passed 66-9-0, sent to Governor. Delays the payments schedule for businesses that were awarded grants under the Business Employment Incentive Program (BEIP). This bill revises the priority schedule to issue converted tax credits to the oldest, outstanding grant awards that have been accrued but not paid to businesses from 2008 to 2013 over a five-year period. In the first year, businesses will receive a tax credit that totals 5 percent of the amount of the grant. In the second year, the tax credit will be 20 percent of the grant, and the subsequent three years would be 25 percent each, totaling a hundred percent of the grant accrued but not paid over 5 years. While the State Chamber recognizes the current fiscal challenges of our state, implementing a delayed BEIP payment schedule will harm the state's ability to encourage companies to relocate and expand in New Jersey.

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Thumbs Up

Extends Permits for Superstorm Sandy-impacted Counties
A-3617 (Green/D-22; Rible/R-30; Mukherji/D-33; Houghtaling/D-11; Mazzeo/D-2)
S-2390 (Sarlo/D-36; Kyrillos/R-13)

Assembly 78-0-0. Extends expiration date of certain permits for one year in Superstorm Sandy-impacted counties. Gaining a permit extension is difficult and costly, resulting in once-approved permits to expire or lapse. This causes lenders to re-appraise and subsequently lower real estate valuations, thereby requiring the reclassification of numerous loans, which affect the developer's ability to apply for future loans. Under this bill, nine counties in New Jersey would have their permits extended to December 31, 2016.

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Education
Thumbs Up

Establishes New Jersey Commission on Higher Education and Business Partnerships
A-1668 (Schaer/D-36; Jasey/D-27; Johnson/D-37; Zwicker/D-16; Giblin/D-34; Downey/D-11; Wimberly/D-35)
S-354 (Kean/R-21)

Assembly passed 68-4-7. Establishes the New Jersey Commission on Higher Education and Business Partnerships in the Department of State. The commission includes a representative from the State Chamber appointed by the Governor. The purpose of the commission is to explore how to best foster innovation in pharmaceutical, biosciences, biotechnology, information technology and telecommunication fields in New Jersey through public-private partnerships between the business community and institutions of higher education. This commission will make New Jersey more competitive in these thriving industries.

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Labor
Thumbs Down

Provides Transition Period for Building Service Employees
A-3907 (Giblin/D-34; Singleton/D-7; Quijano/D-20)

Assembly passed 53-26-0. This bill would require that, upon entering or terminating a contract for building services (which includes, but is not limited to, janitorial, building maintenance, landscaping and security services) or transferring ownership of a building, the successor contractor or building owner retain the prior business's employees for a 90-day period. This legislation would favor one group of employees at the expense of others by imposing onerous requirements on nonunionized businesses, thereby increasing costs and significantly reducing employer flexibility in hiring for the provision of these services.

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Legal
Thumbs Up

Revises Foreign Country Money-Judgement Recognition
A-2977 (Diegnan/D-18; Coughlin/D-19)
S-2268 (Diegnan/D-18)

Assembly passed 78-0-0. Replaces existing statutes concerning the recognition of foreign country judgments that grant or deny recovery of a sum of money. New Jersey's current, outdated law allows plaintiffs to secure judgments in foreign courts, where the procedural protections of the U.S. legal system do not apply, and then collect that judgment domestically. The State Chamber believes this may allow the State to become a target for attempts to enforce abusive foreign judgments in the U.S. This legislation ensures a neutral, balanced system that gives parties the opportunity to contest recognition of judgments.

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Pension
Thumbs Down

Mandates Pension Payments
ACR-109 (Prieto/D-32; Jimenez/D-32; Giblin/D-34; Caputo/D-28; DeAngelo/D-14; Benson/D-14)
SCR-2 (Sweeney/D-3; Turner/D-15; Greenstein/D-14)

Assembly passed 50-26-2. Proposes a constitutional amendment that mandates quarterly payments to fund the pensions of public employees. Under this proposal, future governors and legislators will not have any maneuverability regarding the pension payments regardless of the state's economic conditions. The State Chamber believes this proposal will severely impact the state's fiscal stability, which will ultimately have a negative effect on our effort to create jobs and grow our economy.

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Transportation
Thumbs Up

Transportation Trust Fund
A-10 (Prieto/D-32; Huttle/D-37; McKeon/D-27; Schaer/D-36; Sumter/D-35; Caputo/D-28; Mukherji/D-33; Singleton/D-7; Pintor Marin/D-29; Giblin/D-34; Rible/R-30)

Assembly passed 54-22-0. All revenue generated by the petroleum tax and the motor fuels tax will be dedicated to financing the Transportation Trust Fund (TTF). The Assembly's version of the bill does not include a tax on jet fuel. The TTF Authority will be granted $12 billion in bonding authorization and $16 billion in state budget funds over eight years towards maintaining and upgrading the state's transportation infrastructure. The bill also enhances transparency through several measures, including the creation of a TTF project website; the establishment of a Transportation Policy Review Board to analyze policies and costs; and the establishment of an Annual Transportation Capital Program Approval Committee to coordinate transportation projects. Infrastructure is the foundation of New Jersey's economy and this long-term and sustainable solution will be an enormous boost to making the state more competitive, and helping to create and retain jobs.

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

 

Tracking Legislation and Other Items Important to the Business Community:

Economic Development
Senate Budget and Appropriations Committee and Assembly Budget Committee
Thumbs Down

Revises BEIP Tax Credit Schedule
S-2376 (Sarlo/D-36)
A-4002 (Schaer/D-36)

Senate committee passed. Assembly committee passed. Delays the payments schedule for businesses that were awarded grants under the Business Employment Incentive Program (BEIP). This bill revises the priority schedule to issue converted tax credits to the oldest, outstanding grant awards that have been accrued but not paid to businesses. In the first year, businesses will receive a tax credit that totals 5 percent of the amount of the grant. In the second year, the tax credit will be 20 percent of the grant, and the subsequent three years would be 25 percent each, totaling a hundred percent of the grant accrued but not paid over 5 years. While the State Chamber recognizes the current fiscal challenges of our state, implementing a delayed BEIP payment schedule will harm the state's ability to encourage companies to relocate and expand in New Jersey.

Senate Budget and Appropriations Committee S-2376 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Yes; Beach, James - Yes; Beck, Jennifer - No; Bucco, Anthony R. - Yes; Cunningham, Sandra B. - Yes; O'Toole, Kevin J. - No; Oroho, Steven V. - Yes; Pou, Nellie - Yes; Ruiz, M. Teresa - Yes; Sweeney, Stephen M. - Yes; Thompson, Samuel D. - Yes; Van Drew, Jeff - Yes

Assembly Budget Committee A-4002 Vote: Schaer, Gary S. (C) - Yes; Burzichelli, John J. (VC) - Yes; Bucco, Anthony M. - Yes; DiMaio, John - Yes; Johnson, Gordon M. - Yes; McKeon, John F. - Yes; Mukherji, Raj - Yes; Muoio, Elizabeth Maher - Yes; O'Scanlon, Declan J., Jr. - Yes; Pintor Marin, Eliana - Yes; Rodriguez-Gregg, Maria - Yes; Singleton, Troy - Yes; Wimberly, Benjie E. - Yes

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Senate Budget and Appropriations Committee
Thumbs 

Up

Extends Permits for Superstorm Sandy-impacted Counties
S-2390 (Sarlo/D-36; Kyrillos/R-13)
A-3617 (Green/D-22; Rible/R-30; Mukherji/D-33)

Senate committee passed. Extends expiration date of certain permits for one year in Superstorm Sandy-impacted counties. Gaining a permit extension is difficult and costly, resulting in once-approved permits to expire or lapse. This causes lenders to re-appraise and subsequently lower real estate valuations, thereby requiring the reclassification of numerous loans, which affect the developer's ability to apply for future loans. Under this bill, nine counties in New Jersey would have their permits extended to December 31, 2016.

Senate Budget and Appropriations Committee S-2390 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Yes; Beach, James - Yes; Beck, Jennifer - Yes; Bucco, Anthony R. - Yes; Cunningham, Sandra B. - Yes; O'Toole, Kevin J. - Yes; Oroho, Steven V. - Yes; Pou, Nellie - Yes; Ruiz, M. Teresa - Yes; Sweeney, Stephen M. - Yes; Thompson, Samuel D. - Yes; Van Drew, Jeff - Yes

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Labor
Thumbs Down

Raises Minimum Wage to $15
A-15 (Prieto/D-32; Wisniewski/D-19; Schaer/D-36; Tucker/D-28; Oliver/D-34; Wimberly/D-35;Sweeney/D-3; Vitale/D-19; Cunningham/D-3)

Senate passed 21-18, sent to Governor. Raises the hourly minimum wage rate to $10.10, makes further increases over a four-year period to $15 per hour and maintains annual increases based on the CPI. If the federal minimum wage exceeds the state minimum wage, the state will adopt the federal minimum wage and increases will be based on increases in the CPI. This increase in the minimum wage will put an onerous burden on business owners and significantly increase the cost of doing business in New Jersey. Businesses will make modifications by reducing hours, scaling back benefits, automating services, terminating current employees or closing their operations.

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Taxation
Senate Budget and Appropriations Committee and Assembly Budget Committee
Thumbs 

Up

Adjusts Certain State Taxes
S-2411 (Sarlo/D-36; Oroho/R-24)
A-11 (Prieto/D-32; McKeon/D-27; Schaer/D-36; Sumter/D-35; Caputo/D-28; Huttle/D-37)

Senate committee passed. Assembly committee passed. Adjusts certain state taxes to support investments in public, private, and charitable assets in New Jersey. This bill would phase out the estate tax, increase the pension and retirement income exclusions, increase the Earned Income Tax Credit, and allow a New Jersey gross income tax deduction for cash charitable contributions. The State Chamber believes these tax reforms are the best solution for tax fairness and give citizens and businesses the incentives to stay in New Jersey and grow our economy.

Senate Budget and Appropriations Committee S-2411 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Yes; Beach, James - Yes; Beck, Jennifer - No; Bucco, Anthony R. - No; Cunningham, Sandra B. - Yes; O'Toole, Kevin J. - Abstain; Oroho, Steven V. - Yes; Pou, Nellie - Yes; Ruiz, M. Teresa - Yes; Sweeney, Stephen M. - Yes; Thompson, Samuel D. - No; Van Drew, Jeff - No

Assembly Budget Committee A-11 Vote: Schaer, Gary S. (C) - Yes; Burzichelli, John J. (VC) - Yes; Bucco, Anthony M. - No; DiMaio, John - No; Johnson, Gordon M. - Yes; McKeon, John F. - Yes; Mukherji, Raj - Yes; Muoio, Elizabeth Maher - Yes; O'Scanlon, Declan J., Jr. - Abstain; Pintor Marin, Eliana - Yes; Rodriguez-Gregg, Maria - Yes; Singleton, Troy - Yes; Wimberly, Benjie E. - Yes

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Transportation
Senate Budget and Appropriations Committee and Assembly Budget Committee
Thumbs 

Up

Transportation Trust Fund
S-2412 (Sarlo/D-36; Oroho/R-24)
A-10 (Prieto/D-32; Huttle/D-37; McKeon/D-27; Schaer/D-36; Sumter/D-35; Caputo/D-28; Mukherji/D-33; Singleton/D-7; Pintor Marin/D-29)

Senate committee passed. Assembly committee passed. All revenue generated by the petroleum tax and the motor fuels tax will be dedicated to financing the Transportation Trust Fund (TTF). The TTF Authority is granted $15 billion in bonding authorization and $20 billion in state budget funds over ten years towards maintaining and upgrading the state's transportation infrastructure. The bill also enhances transparency through several measures, including the creation of a TTF project website; the establishment of a Transportation Policy Review Board to analyze policies and costs; and the establishment of an Annual Transportation Capital Program Approval Committee to coordinate transportation projects. Infrastructure is the foundation of New Jersey's economy and this long-term and sustainable solution will be an enormous boost to making our state more competitive, and helping to create and retain jobs.

Senate Budget and Appropriations Committee S-2412 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Yes; Beach, James - Yes; Beck, Jennifer - No; Bucco, Anthony R. - No; Cunningham, Sandra B. - Yes; O'Toole, Kevin J. - Abstain; Oroho, Steven V. - Yes; Pou, Nellie - Yes; Ruiz, M. Teresa - Yes; Sweeney, Stephen M. - Yes; Thompson, Samuel D. - No; Van Drew, Jeff - No

Assembly Budget Committee A-10 Vote: Schaer, Gary S. (C) - Yes; Burzichelli, John J. (VC) - Yes; Bucco, Anthony M. - No; DiMaio, John - No; Johnson, Gordon M. - Yes; McKeon, John F. - Yes; Mukherji, Raj - Yes; Muoio, Elizabeth Maher - Yes; O'Scanlon, Declan J., Jr. - Abstain; Pintor Marin, Eliana - Yes; Rodriguez-Gregg, Maria - Yes; Singleton, Troy - Yes; Wimberly, Benjie E. - Yes

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

Tracking Legislation and Other Items Important to the Business Community:

Environment
Senate Environment and Energy Committee
Thumbs Down

Blocks DEP Rule
SCR-66 (Lesniak/D-20; Smith/D-17; Greenstein/D-14)
ACR-160 (McKeon/D-27; Spencer/D-29; Eustace/D-38; Muoio/D-15; Jasey/D-27)

The Senate's version of the bill passed in committee. The Assembly passed their version of the bill (ACR-160) by 47-24-5. These bills block adoption of the DEP's proposed rules and regulations regarding the Flood Hazard Area Control Act Rules, Coastal Zone Management Rules, and Stormwater Management Rules. The proposed rules and regulations are the product of years of work from stakeholders, and maintains the DEP's intent on easing regulatory burdens by clarifying and consolidating many sections of the rules. Additionally, the regulations will add appropriate flexibility and provide greater consistency with federal, local and other state requirements.

Senate Environment and Energy Committee SCR-66 Vote: Smith, Bob (C) - Yes; Greenstein, Linda R. (VC) - Yes; Bateman, Christopher - Not Voting; Codey, Richard J. - Yes; Thompson, Samuel D. - No

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Labor
Senate Budget and Appropriations Committee
Thumbs Down

Raises Minimum Wage to $15
S-15 (Sweeney/D-3; Vitale/D-19)
A-15 (Prieto/D-32; Wisniewski/D-19; Schaer/D-36; Tucker/D-28; Oliver/D-34; Wimberly/D-35)

Senate committee passed. Raises the hourly minimum wage rate to $10.10, makes further increases over a four-year period to $15 per hour, and maintains annual increases based on the CPI. If the federal minimum wage exceeds the state minimum wage, the state will adopt the federal minimum wage and increases will be based on increases in the CPI. This mandated increase in the minimum wage will put an onerous burden on business owners and significantly increase the cost of doing business in New Jersey. Businesses will make modifications by reducing hours, scaling back benefits, automating services, terminating current employees or closing their operations.

Senate Budget and Appropriations Committee S-15 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Yes; Beck, Jennifer - No; Bucco, Anthony R. - No; Cunningham, Sandra B. - Yes; Diegnan, Patrick J., Jr. - 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

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Assembly Appropriations Committee
Thumbs Down

Provides Transition Period for Building Service Employees
A-3907 (Giblin/D-34; Singleton/D-7)

Senate committee passed. This bill would require that, upon entering or terminating a contract for building services (which includes, but is not limited to, janitorial, building maintenance, landscaping and security services) or transferring ownership of a building, the successor contractor or building owner retain the prior business's employees for a 90-day period. This legislation would favor one group of employees at the expense of others by imposing onerous requirements on nonunionized businesses, thereby increasing costs and significantly reducing employer flexibility in hiring for the provision of these services.

Assembly Appropriations Committee A-3907 Vote: Burzichelli, John J. (C) - Yes; Spencer, L. Grace (VC) - Yes; Conaway, Herb, Jr. - Yes; DiMaio, John - No; Lagana, Joseph A. - Not Voting; Lampitt, Pamela R. - Yes; Mosquera, Gabriela M. - Yes; Phoebus, Gail - No; Quijano, Annette - Yes; Schaer, Gary S. - Yes; Schepisi, Holly - No

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Economic Development
Senate Budget and Appropriations Committee
Thumbs 

Up

Establishes "Small Business Bonding Readiness Assistance Program"
S-123 (Pennacchio/R-26; Rice/D-28)
A-3559 (Holley/D-20; Oliver/D-34; Wimberly/D-35)

Senate committee passed. Establishes a "Small Business Bonding Readiness Assistance Program" to be run by the New Jersey Economic Development Authority to assist certain small businesses in meeting state or federal contract surety bond requirements. The program will receive $250,000 annually from the enterprise zone assistance fund. This program is intended to give small businesses the knowledge and capacity to bid on public works projects or perform government contracts.

Senate Budget and Appropriations Committee S-123 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Yes; Beck, Jennifer - Yes; Bucco, Anthony R. - Yes; Cunningham, Sandra B. - Yes; Diegnan, Patrick J., Jr. - Yes; Greenstein, Linda R. - Yes; O'Toole, Kevin J. - Yes; Oroho, Steven V. - Yes; Pou, Nellie - Yes; Ruiz, M. Teresa - Yes; Thompson, Samuel D. - Yes; Van Drew, Jeff - Yes

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Senate Economic Growth Committee
Thumbs 

Up

Establishes Joint Permit Application Process for Aquaculture Projects
S-316 (Van Drew/D-1; Connors/R-9)
A-793 (Andrzejczak/D-1; Land/D-1)

Senate committee held. Requires the Department of Agriculture and the Department of Environmental Protection to work with the U.S. Army Corps of Engineers to establish a joint permit application process for aquaculture projects that require both State and federal permits, licenses and approvals. This bill will make the approval process much more efficient and increase the incentive for developers to launch aquaculture projects.

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Senate Economic Growth Committee
Thumbs 

Up

Requires Adoption of Joint Application and Review Program for Aquaculture Projects
S-317 (Van Drew/D-1; Connors/R-9)
A-794 (Andrzejczak/D-1; Land/D-1)

Senate committee held. This legislation will require the Secretary of Agriculture, in consultation with the Commissioner of Environmental Protection, to develop and implement an aquaculture permitting review program to provide for the coordinated review of any aquaculture project. This bill, in conjunction with S-316, will attract more developers to aquaculture projects.

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Assembly Appropriations Committee
Thumbs 

Up

Expediting Permits
A-1768 (Burzichelli/D-3; Rumana/R-40; Phoebus/R-24)
S-482 (Oroho/R-24; Stack/D-33)

Assembly committee passed. Directs every state agency to identify permits that can be expedited by issuing a general permit instead. This reform measure implements one of the findings of the "Red Tape Review Commission Findings and Recommendations" report, issued in 2012.

Assembly Appropriations Committee A-1768 Vote: Burzichelli, John J. (C) - Yes; Spencer, L. Grace (VC) - Yes; Conaway, Herb, Jr. - Yes; DiMaio, John - Yes; Lagana, Joseph A. - Not Voting; Lampitt, Pamela R. - Yes; Mosquera, Gabriela M. - Yes; Phoebus, Gail - Yes; Quijano, Annette - Yes; Schaer, Gary S. - Yes; Schepisi, Holly - Yes

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Assembly Judiciary Committee
Thumbs 

Up

Extends Permits for Superstorm Sandy-impacted Counties
A-3617 (Green/D-22; Rible/R-30)
S-2390 (Sarlo/D-36; Kyrillos/R-13)

Assembly committee passed. Extends expiration date of certain permits for one year in Superstorm Sandy-impacted counties. Gaining a permit extension is difficult and costly, resulting in once-approved permits to expire or lapse. This causes lenders to re-appraise and subsequently lower real estate valuations, thereby requiring the reclassification of numerous loans, which affect the developer's ability to apply for future loans. Under this bill, nine counties in New Jersey would have their permits extended to December 31, 2016.

Assembly Judiciary Committee A-3617 Vote: McKeon, John F. (C) - Yes; Johnson, Gordon M. (VC) - Yes; Caputo, Ralph R. - Yes; Carroll, Michael Patrick - Yes; Muoio, Elizabeth Maher - Yes; O'Scanlon, Declan J., Jr. - Yes; Zwicker, Andrew - Yes

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Transportation
Senate Budget and Appropriations Committee
Thumbs 

Up

Regulates Transportation Network Companies
S-2179 (Sarlo/D-36; Kyrillos/R-13)

Senate committee passed. Regulates ridesharing companies that use the internet or other digital communications to connect drivers with people who need rides. The State Chamber supports the Senate version of the bill which standardizes electronic background checks. The Chamber believes that ridesharing companies such as Uber and Lyft give safe and affordable transportation options to New Jersey residents and visitors.

Senate Budget and Appropriations Committee S-2179 Vote: Sarlo, Paul A. (C) - Yes; Stack, Brian P. (VC) - Abstain; Beck, Jennifer - Yes; Bucco, Anthony R. - Yes; Cunningham, Sandra B. - No; Diegnan, Patrick J., Jr. - Yes; Greenstein, Linda R. - No; O'Toole, Kevin J. - Yes; Oroho, Steven V. - Yes; Pou, Nellie - Yes; Ruiz, M. Teresa - Yes; Thompson, Samuel D. - Yes; Van Drew, Jeff - Yes

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Pension
Assembly Judiciary Committee
Thumbs Down

Mandates Pension Payments
ACR-109 (Prieto/D-32; Jimenez/D-32; Giblin/D-34; Caputo/D-28)
SCR-2 (Sweeney/D-3; Turner/D-15; Greenstein/D-14)

Public hearing to discuss proposed constitutional amendment that mandates quarterly payments to fund the pensions of public employees. Under this proposal, future governors and legislators will not have any maneuverability regarding the pension payments regardless of the state's economic conditions. The State Chamber believes this proposal will severely impact the state's fiscal stability, which will ultimately have a negative effect on our effort to create jobs and grow our economy.

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

While no one likes tax increases and not all of the provisions in the TTF funding bill are optimal, the overall impact of the legislation is positive. The revenue raised by the TTF bill will be invested in repair and maintenance of our roads, bridges and tunnels, which is a critical investment for New Jersey's future.