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 & 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

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

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 & TaxesSupports Budget & TaxesBill increases funding availability for nonprofit projects on state land by removing matching fund requirements, strengthening fiscal support for education and recreation.85% confidence ✓ EnvironmentSupports EnvironmentBill funds nonprofit projects on state land for education, research, and recreation, directly advancing environmental conservation and resource management.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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

passed both · New Jersey · Senate Jun 11, 2026

SCR 135: Approves FY2027 Financial Plan of NJ Infrastructure Bank.

This bill formally approves the Fiscal Year 2027 financial plan for the New Jersey Infrastructure Bank. The resolution authorizes the bank to proceed with funding loans and debt guarantees for eligible environmental projects, including clean water, drinking water, and stormwater management initiatives. By passing this measure, the Legislature ratifies the bank's budgetary strategy for the upcoming fiscal year as required by state law. The document does not alter the bank's operations but rather provides the necessary legislative consent for its planned financial activities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill approves FY2027 financial plan and authorizes funding for infrastructure projects, advancing state budget goals.90% confidence ✓ EnvironmentSupports EnvironmentBill approves funding for environmental projects including clean water, drinking water, and stormwater management.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed · New Jersey · General Assembly May 18, 2026

A 804: Requires BPU to report societal benefits charge revenues and expenditures to Governor and Legislature.*

This bill requires New Jersey's Governor to include a detailed annual report in the budget message about revenues and spending from the "societal benefits charge" on utility bills. The report must show, for each of the past five fiscal years and the current year, how much was collected from electricity and gas customers, and how those funds were spent - specifically for energy efficiency programs, low-income energy assistance, plug-in electric vehicle incentives, and other approved initiatives. It also mandates itemized breakdowns of funds allocated by each utility company. The goal is to increase transparency about how this charge, embedded in customer bills, finances state energy and assistance programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates annual reporting on societal benefits charge revenues/expenditures, enhancing fiscal transparency for energy efficiency and assistance programs.95% confidence ✓ EnergySupports EnergyRequires reporting on funds for energy efficiency, low-income assistance, and EV incentives - directly advancing clean energy initiatives.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · New Jersey · General Assembly May 7, 2026

A 1548: Establishes Bridge Transportation Asset Management Plan Pilot Program; appropriates $9.5 million.

This bill establishes a five-year pilot program for New Jersey's Department of Transportation to inventory, assess, and monitor all state, county, and municipal bridges. It requires creating a digital bridge inventory, a risk scoring model for bridge safety, climate vulnerability assessments, and a public dashboard showing bridge conditions. The $9.5 million appropriation funds the program ($4.5M) and a separate AI-driven "Bridge Infrastructure Innovation Module" ($5M) to test sensor-based monitoring on high-risk bridges. The program mandates annual progress reports and a final evaluation after five years to determine if the approach should be expanded statewide to other infrastructure like roads and tunnels.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $9.5M for bridge infrastructure pilot program, funding essential public safety and transportation management initiative.95% confidence ✓ EnvironmentSupports EnvironmentBill mandates climate vulnerability assessments for bridge safety, directly addressing climate change impacts as part of infrastructure planning.85% confidence ✓ TransportationSupports TransportationBill appropriates $9.5M for bridge infrastructure management, safety assessments, and digital monitoring - directly funding transportation infrastructure enhancement and safety.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed · New Jersey · General Assembly May 4, 2026

A 3238: Eliminates statute of limitations on income tax assessments that arise out of erroneous refunds induced by fraud.

This bill eliminates the 3-year time limit for New Jersey tax authorities to reassess income tax when a taxpayer received an erroneous refund due to intentional fraud. It directly affects taxpayers who intentionally filed false returns to obtain extra money back from the state. The key change removes the previous 3-year deadline, allowing tax assessments at any time for cases where fraud caused the refund. This applies only to deliberate fraud, excluding accidental errors, negligence, or reliance on incorrect advice. The law retroactively covers cases from the five years before the bill's enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates 3-year tax reassessment limit for fraud, strengthening enforcement and closing loophole for erroneous refunds90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · New Jersey · General Assembly May 4, 2026

A 1212: Modifies matching grant criteria for New Jersey Better Educational Savings Trust accounts.

This bill modifies New Jersey's NJBEST educational savings program to expand eligibility for matching grants. Taxpayers with gross income of $75,000 or less who open an NJBEST account will now qualify for a dollar-for-dollar match on **all initial deposits** (not just the first deposit), up to a total $750 grant. The change clarifies that all initial contributions to the account - within the $750 cap - will be matched, whereas current law only referenced "the initial deposit." It directly affects low-to-moderate-income New Jersey residents opening these accounts for education savings.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for lower-income taxpayers ($75k income cap) via expanded matching grants on educational savings, directly advancing fiscal support for middle/lower income households.95% confidence ✓ EducationSupports EducationExpands NJBEST matching grants to all initial deposits for low-income families, increasing educational savings access and funding support.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed · New Jersey · General Assembly May 4, 2026

A 1873: Requires DEP to prioritize funding for certain projects for acquisition of lands for recreation and conservation purposes and certain environmental infrastructure projects that include, or allow for, flood mitigation projects.

This bill requires New Jersey's Department of Environmental Protection (DEP) to prioritize funding for two types of projects: (1) land acquisition for recreation and conservation, and (2) environmental infrastructure projects that include or enable flood mitigation. It directly affects local governments, nonprofits, and communities seeking DEP grants under the Green Acres program, which uses constitutionally dedicated funds. Key provisions mandate that DEP establish criteria prioritizing projects that protect floodplains, reduce flood risk, conserve natural resources, and support recreational access. The bill amends existing laws to ensure these factors are explicitly considered when ranking eligible projects for funding.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates prioritization of existing DEP funds for conservation and flood mitigation projects under Green Acres program, supporting public service funding allocation.85% confidence ✓ EnvironmentSupports EnvironmentPrioritizes DEP funding for conservation land acquisition and flood-mitigation environmental infrastructure, directly advancing environmental protection and climate resilience.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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