Budget & Taxes

signed · New Jersey · General Assembly Aug 6, 2026

A 2391: Authorizes creation of "250th Anniversary Revolutionary War" license plates.

This bill authorizes New Jersey to create special "250th Anniversary Revolutionary War" license plates for motor vehicles. Vehicle owners who apply (paying a $50 one-time fee plus a $10 annual fee) can display these plates, with all fees deposited into a dedicated fund. The fund, managed by the Department of Treasury, uses these monies to support the preservation of Revolutionary War sites across New Jersey. The design and implementation involve coordination between the Motor Vehicle Commission and the New Jersey Historical Commission.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $50 one-time/$10 annual fees funding Revolutionary War preservation, directly supporting program funding through dedicated revenue stream.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · New Jersey · Senate Jul 30, 2026

S 4423: Appropriates $77,406,208 from constitutionally dedicated CBT revenues and various Green Acres funds to DEP for local government open space acquisition and park development projects, and for certain administrative expenses.

This bill allocates approximately $77.4 million from dedicated tax revenues and Green Acres funds to the Department of Environmental Protection to support local government projects. The funding is divided between acquiring land for conservation and developing existing parks, with specific amounts designated for planning incentives, standard projects, and areas with high population density. Local municipalities and counties that meet certain population criteria are eligible to receive grants or loans to help them purchase or improve recreational spaces. Any remaining funds after the listed projects are funded may be used for additional approved initiatives with further committee approval.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $77.4M in dedicated revenues to fund park development and open space acquisition, directly increasing funding for public services.95% confidence ✓ EnvironmentSupports EnvironmentBill allocates $77.4M for open space acquisition and park development, directly conserving natural resources and protecting the environment.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · New Jersey · Senate Jul 30, 2026

S 4424: Appropriates $15,546,575 to DEP from constitutionally dedicated CBT revenues for grants to certain nonprofit entities to acquire or develop lands for recreation and conservation purposes, and for certain administrative expenses.

This bill directs approximately $15.5 million from dedicated corporation business tax revenues to the Department of Environmental Protection for land conservation and recreation projects. The funds will provide grants to nonprofit organizations to purchase or develop land for open space, with specific allocations for land acquisition, park development, and stewardship activities. Additionally, the legislation allows the department to use leftover money from canceled projects to provide extra funding to previously approved initiatives, subject to oversight committee approval.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill appropriates dedicated tax revenues to fund land conservation and recreation grants, directly strengthening public services and fiscal management.95% confidence ✓ EnvironmentSupports EnvironmentBill appropriates funds for land conservation and recreation projects, directly strengthening environmental protection and natural resource preservation.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · New Jersey · General Assembly Jul 8, 2026

A 4961: Authorizes NJ Infrastructure Bank to expend certain sums to make loans for transportation infrastructure projects for FY2027; makes appropriation.

This bill authorizes the New Jersey Infrastructure Bank to spend $65.55 million in loans for transportation infrastructure projects during the 2027 fiscal year. The legislation allows the bank to provide funding to local government units for construction costs and includes specific provisions for forgiving up to $1 million in planning and design loans under certain conditions. Additionally, the act permits the bank to use additional funds to cover its own operational expenses, such as bond issuance costs and reserve requirements. While the text lists specific eligible projects, the summary of those details is incomplete in the provided document.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes $65.55M in loans for transportation infrastructure, directly funding essential public services and strengthening state fiscal management.90% confidence ✓ TransportationSupports TransportationBill authorizes $65.55M in loans for transportation infrastructure projects and covers operational expenses.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

passed both · New Jersey · Senate Jun 30, 2026

S 4420: Authorizes regional rehabilitation and reentry center authority to determine county proportional share assessment for budget purposes.

This bill allows the authority managing regional rehabilitation and reentry centers in New Jersey to calculate how much each participating county should contribute to the center's budget. Instead of a separate tax levy being sent to the Board of Taxation, the authority's chief financial officer will certify the number of inmates from each county and determine their proportional financial share based on those figures. This change shifts the responsibility for assessing county contributions from a tax-based process to a direct calculation based on inmate population data. The legislation primarily affects the administrative operations of these centers and the financial reporting requirements for the counties involved.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill streamlines budget assessment for rehabilitation centers, ensuring counties contribute their proportional share to fund essential reentry services.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

in committee · New Jersey · Senate Jun 30, 2026

S 4534: Reduces business formation fees.

This bill reduces the fees required to file various corporate documents with the New Jersey Department of the Treasury. It directly affects businesses, including corporations and foreign entities, that register, amend, or dissolve their legal status within the state. The key provision lowers the cost for filing original certificates of incorporation from $125 to $100 and reduces the fee for foreign corporations seeking authority to do business in New Jersey from $125 to $100. Additionally, the bill adjusts fees for other filings such as amendments, mergers, dissolutions, and annual reports, while maintaining specific higher charges for bulk changes to registered agent addresses.

Topics ✓ Budget & TaxesSupports Budget & TaxesReducing business formation fees lowers the cost of doing business, acting as a tax relief measure and promoting economic activity.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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signed · New Jersey · Senate Jun 30, 2026

S 4531: Increases amount of child tax credit in taxable years 2026, 2027, and 2028.

This New Jersey bill temporarily increases the state child tax credit for residents with incomes up to $80,000 during the tax years 2026, 2027, and 2028. The legislation raises the credit amount by $250 for each income bracket, providing an additional $250 to families earning $30,000 or less and reducing the credit by $250 for those earning between $60,000 and $80,000. After these three years, the credit amounts will revert to their previous levels. The bill does not affect taxpayers with incomes above $80,000 or children over the age of six.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases child tax credit for lower/middle-income families, providing tax relief and financial support.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

in committee · New Jersey · Senate Jun 30, 2026

S 4537: Modifies eligibility for alternative business calculation adjustment allowed under gross income tax.

This bill modifies New Jersey's gross income tax by restricting the alternative business calculation adjustment for taxpayers with higher incomes. It allows business owners to net losses from specific income categories, such as rents or royalties, against gains to determine their taxable business income. Under the new rules, effective for tax years starting in 2026, taxpayers earning $500,000 or less can still deduct 50% of their business profit increase, while those earning between $500,000 and $1 million can only deduct 25%. The bill completely eliminates this tax deduction for individuals with gross income exceeding $1 million.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts tax deductions for higher-income taxpayers, limiting the ability to net losses against gains, which reduces tax relief for those earning over $500,000.85% confidence | Rep's Stance ✗ Voted No ✓ Supports Budget & Taxes

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in committee · New Jersey · Senate Jun 30, 2026

S 4533: Establishes fee on certain employers that employ individuals who receive health benefits coverage through State Medicaid program.

This New Jersey bill requires employers with at least 50 employees who receive Medicaid benefits to pay an annual fee to the state. The fee amount varies based on the size of the employer's Medicaid-covered workforce, ranging from $325 to $725 per employee and dependent. Employers must report the number of covered individuals by December 31, after which the state notifies them of their payment liability by March 1. The legislation includes an exemption for employees with developmental, intellectual, or permanent physical disabilities. Revenue generated from these fees is intended to help cover the costs of the state's Medicaid program.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill imposes a new fee on employers, increasing the tax burden on businesses and potentially reducing resources for Medicaid coverage.95% confidence ✗ HealthcareOpposes HealthcareBill imposes fees on employers with Medicaid-covered workers, effectively increasing costs for healthcare access and potentially reducing coverage.85% confidence ✗ Labor & EmploymentOpposes Labor & EmploymentBill imposes a new fee on employers based on Medicaid-covered employees, effectively increasing labor costs and potentially restricting hiring or benefits.85% confidence | Rep's Stance ✗ Voted No ✓ Supports Budget & Taxes

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signed · New Jersey · General Assembly Jun 30, 2026

A 5322: Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods.

This bill limits the amount of net operating loss deductions that corporations in New Jersey can claim under the corporation business tax to a maximum of $1 million per tax period. It applies to privilege periods ending between July 31, 2026, and July 31, 2030, affecting approximately 600 taxpayers. If a company cannot use its full deduction due to this cap, the unused portion can be carried forward for an additional six tax periods or used to reduce taxable income by up to 75% in later periods ending between 2030 and 2032. The legislation also waives interest and penalties on estimated tax payments made between late 2025 and early 2027 that result from these new limits.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts net operating loss deductions for corporations, limiting tax benefits and reducing fiscal flexibility for businesses.90% confidence | Rep's Stance ✗ Voted No ✓ Supports Budget & Taxes