New Jersey Bills | MyRepTracker

in committee · New Jersey · Senate Jun 30, 2026

S 4536: Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods.

This bill imposes a temporary limit of $1 million on the amount of net operating loss deductions that corporations can claim under New Jersey's corporation business tax. It directly affects businesses with privilege periods ending between July 31, 2026, and July 31, 2030, restricting how much they can use past losses to lower their current taxable income. For periods ending between 2030 and 2032, any disallowed deductions may be used to reduce income by no more than 75 percent, and unused amounts can be carried forward for an additional six years. The legislation also waives interest and penalties on estimated tax payments made during a specific window if those underpayments result from the new deduction limits.

Topics ✗ Budget & Taxes

signed · New Jersey · Senate Jun 30, 2026

S 4538: Makes FY2026 supplemental appropriations of $358,811,000; adds and amends various language provisions to FY2026 Appropriations Act.

This bill provides an additional $358.8 million in funding for New Jersey state agencies and local governments for fiscal year 2026. The money is allocated to various departments, including support for domestic violence housing, prison consolidation savings, school infrastructure, and mosquito control. Specific provisions also authorize a supplemental appropriation for the Cannabis Regulatory Fund and allow nonprofit organizations to host the state's AI supercomputer. Overall, the legislation amends the existing FY2026 Appropriations Act to distribute these funds across education, health, public safety, and other state services.

Topics ✓ Budget & Taxes ✓ Criminal Justice ✓ Education ✓ Housing ✓ Technology

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

A 5348: Concerns temporary use of funding for open space, recreation, floodplain protection, farmland and historic preservation for certain municipalities.

This bill allows New Jersey municipalities that have established an arts and culture trust fund to temporarily redirect money collected from local taxes for open space, farmland, and historic preservation into their general operating funds. The change specifically applies only to the tax levy for fiscal year 2027 and any leftover money from previous years that has not yet been spent. Under the new rules, local governments can decide how to use these funds for purposes other than the original conservation and preservation goals. The legislation also permits residents to petition for changes to existing tax levies or to add new purposes for the funds through a vote.

Topics ✗ Environment

passed both · New Jersey · Senate Jun 30, 2026

S 4413: Establishes School-based Partnerships for Access and Resilience for Kids program in DCF; requires school districts to develop mental health support and partnership programs. **

This bill creates the School-Based Partnerships for Access and Resilience for Kids program within the Department of Children and Families to support student mental health. It requires school districts, charter schools, and renaissance schools to develop specific mental health support programs that connect students with high behavioral health needs to the new SPARK program navigator. The SPARK program, operated by the New Jersey Pediatric Psychiatry Collaborative, will provide same-day psychiatric consultations, referrals to community providers, and assistance with school re-entry after a mental health crisis. Access to these services is limited to students in kindergarten through grade 12 and requires written consent from a parent or legal guardian. Additionally, the bill mandates that schools have designated staff or formal agreements with external providers to ensure ongoing counseling support for their students.

Topics ✓ Education ✓ Healthcare

passed · New Jersey · Senate Jun 30, 2026

S 4495: Allows use of Green Acres funds to fully fund certain projects on State-owned land by certain nonprofit organizations.

This bill allows qualifying nonprofit organizations to receive full funding from the Green Acres Fund for projects on State-owned land without being required to provide matching funds. It changes existing rules that typically mandate nonprofits contribute their own money alongside state grants for development, repairs, or improvements of public property. The legislation specifically targets tax-exempt nonprofits working on facilities used for education, research, or recreation to help maintain and upgrade these sites. By removing the matching fund requirement, the bill aims to improve the repair and operation of State lands managed by these organizations.

Topics ✓ Budget & Taxes ✓ Environment

vetoed · New Jersey · General Assembly Jun 30, 2026

A 5327: Appropriates $60,743,569,000 in State funds and $30,495,124,195 in federal funds for the State budget for fiscal year 2027.

This bill authorizes the New Jersey State budget for fiscal year 2027 by allocating approximately $60.7 billion in state funds and $30.5 billion in federal funds. The legislation distributes these resources across various government departments, including education, health, and human services, with specific amounts designated for direct state services, grants, and state aid. While the total appropriation is slightly higher than the governor's original proposal, the bill ensures that anticipated revenue covers projected spending for the upcoming fiscal year.

Topics ✓ Budget & Taxes

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

A 5333: 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 appropriates $15,546,575 from constitutionally dedicated corporation business tax revenues to the Department of Environmental Protection for conservation grants. The funds will be distributed to specific tax-exempt nonprofit organizations to help them acquire or develop land for recreation and conservation purposes across New Jersey. The legislation authorizes grants for three designated projects: the D&R Greenway Land Acquisitions Trust, the Lamington Conservancy Central Project, and the New Jersey Conservation Foundation Priority Area Acquisitions. Additionally, the bill allocates money for administrative expenses related to these conservation efforts.

Topics ✓ Budget & Taxes ✓ Environment

signed · New Jersey · General Assembly Jun 30, 2026

A 5324: Establishes fee on certain employers that employ individuals who receive health benefits coverage through State Medicaid program.

This New Jersey bill introduces a new fee for employers who have at least 50 employees receiving Medicaid health coverage. The fee amount varies based on company size, charging $325, $525, or $725 per covered employee and their dependents depending on whether the employer has between 50-249, 250-499, or 500 or more Medicaid recipients. Employers with employees who have developmental, intellectual, or permanent physical disabilities are exempt from paying this charge. The revenue generated from these fees is intended to help cover the costs of the State Medicaid program.

Topics ✗ Budget & Taxes ✗ Healthcare ✗ Labor & Employment

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

A 5334: 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 governments in New Jersey. The money will be used to provide grants or loans for acquiring and developing land for recreation and conservation purposes, as well as for certain administrative expenses. Specific funding is designated for open space acquisition and planning projects in several municipalities, including Burlington, Gloucester, Livingston, Verona, West Orange, and Kingwood. The legislation defines eligibility based on population density and utilizes existing funds made available through interest earnings, loan repayments, and project cancellations.

Topics ✓ Budget & Taxes ✓ Environment

signed · New Jersey · General Assembly Jun 30, 2026

A 5325: Reduces business formation fees.

This bill reduces filing fees for businesses in New Jersey, directly affecting corporations and foreign entities seeking to form, amend, or dissolve their legal status. It lowers the cost for filing original certificates of incorporation from $125 to $100 and reduces the fee for restated certificates from $75 to $50. Additionally, the legislation adjusts charges for various administrative actions, such as mergers, amendments, and annual reports, while introducing a tiered fee structure for bulk changes to registered agent addresses based on the number of corporations involved.

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

A 5310: Clarifies sentencing under certain circumstances.

This bill clarifies how New Jersey courts determine sentences by explicitly listing specific aggravating and mitigating circumstances judges must consider. It requires courts to weigh factors such as the severity of harm to vulnerable victims, the defendant's role in organized crime, and whether the crime involved domestic violence or attacks on public servants. Additionally, the legislation allows judges to consider leniency based on the defendant's lack of intent to cause harm, strong provocation, or compensation to the victim. Ultimately, the law aims to provide clearer guidelines for sentencing decisions across a wide range of criminal offenses.

Topics ✓ Criminal Justice

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

A 5329: 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 taxable income of $80,000 or less during the years 2026, 2027, and 2028. The legislation raises the credit amount for each child under the age of six, providing a $250 increase for families earning $30,000 or less and smaller increments for those earning up to $80,000. After these three years, the credit amounts will revert to their previous levels. The change applies to all filing statuses and allows the credit to be fully refunded if it exceeds the tax owed.

Topics ✓ Budget & Taxes