Updates regulation home improvement and home elevation contractors and contractors' businesses.

This bill creates a new licensing system for home improvement and home elevation contractors in New Jersey. It establishes a State Board to oversee licensing, requiring contractors to be licensed for work valued at $120,000 or more (or involving complex plans), and defines "home elevation" as raising entire residential structures. The law directly affects contractors performing these services, setting standards for licensing, board composition, and enforcement, while excluding unlicensed individuals, employees, and those doing work without compensation.