New Jersey Bills | MyRepTracker

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 & Taxes

in committee · New Jersey · General Assembly Jun 30, 2026

A 5232: 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. Under the new rules, the center's chief financial officer would certify the number of inmates from each county and use that data to determine each county's proportional financial share. This change shifts the responsibility for setting these specific budget assessments from the counties to the central authority, streamlining how costs are distributed among local governments. The legislation amends existing state laws to formalize this process while maintaining the current requirement that counties must provide funding based on their inmate populations.

in committee · New Jersey · General Assembly Jun 30, 2026

AJR 190: Designates June 6 of each year as D-Day in New Jersey.

This bill designates June 6 of each year as D-Day in New Jersey to commemorate the 1944 Normandy landings and honor the state's military service members. It requires the Governor to issue an annual proclamation encouraging public officials and citizens to observe the day with appropriate events and programs. The resolution takes effect immediately and focuses on recognizing historical sacrifices rather than changing laws or policies.

Topics ✓ Veterans

passed both · New Jersey · Senate Jun 30, 2026

S 4514: Concerns certain motor vehicle related funding to certain municipalities.

This bill allows large, fast-growing New Jersey municipalities to collect and use additional taxes to fund local transportation services. Specifically, it permits cities with over 200,000 residents that grew by more than 15 percent between 2010 and 2020 to use mass transit parking tax revenue for transit operations and administrative costs. The legislation also changes how parking fines are handled in these areas, directing a larger share of penalty fees to municipal courts and giving cities full control over how to spend the remaining funds. Furthermore, it lets these same cities impose a rental car tax regardless of whether they have a major airport and removes restrictions limiting where within the city the tax can be collected.

Topics ✓ Budget & Taxes ✓ Transportation

in committee · New Jersey · Senate Jun 30, 2026

S 4507: Permits Director of Division of Pensions and Benefits to initiate temporary transfer of funds in certain circumstances.

This bill amends the School Employees' Health Benefits Program Act to allow the Director of the Division of Pensions and Benefits to initiate temporary transfers of funds under specific circumstances. The legislation primarily affects school employers and employees by clarifying how health benefit premiums are paid and managed within a dedicated fund. It also establishes strict rules for a third-party medical claims reviewer, requiring the collection and secure storage of detailed claims data to assist in program governance and cost analysis. Additionally, the bill restricts the use of funds in a dedicated subaccount to paying claims and administrative costs for covered employees and their dependents.

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 & Taxes

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 & 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 & Taxes

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 & Taxes ✗ Healthcare ✗ Labor & Employment

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 & Taxes

signed · New Jersey · General Assembly Jun 30, 2026

A 5330: Permits Director of Division of Pensions and Benefits to initiate temporary transfer of funds in certain circumstances.

This bill amends the School Employees' Health Benefits Program Act to allow the Director of the Division of Pensions and Benefits to initiate temporary transfers of funds under specific circumstances. The legislation directly affects school employers and their employees by modifying how health benefit premiums are paid and managed within the state's dedicated fund. Key provisions include establishing rules for employer payment obligations, creating a subaccount for claims and health services, and defining the data collection responsibilities of a third-party medical claims reviewer. The bill also clarifies that the program's assets must be used solely for providing benefits and covering administrative costs for covered employees and their dependents.

Topics ✓ Budget & Taxes

signed · New Jersey · General Assembly Jun 30, 2026

A 5323: Modifies eligibility for alternative business calculation adjustment allowed under gross income tax.

This bill modifies New Jersey's gross income tax by introducing income limits for a specific tax adjustment that allows businesses to offset losses in one category against gains in another. Under the new rules, taxpayers with gross income of $500,000 or less will retain the ability to deduct 50 percent of their calculated business increment from their taxable income. For those earning between $500,000 and $1 million, the deduction is reduced to 25 percent, while individuals with gross income exceeding $1 million will no longer be eligible for any deduction. The legislation also clarifies that losses from this calculation can be carried forward for up to 20 taxable years to offset future income.

Topics ✓ Budget & Taxes