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.
This bill requires health insurance providers and pharmacy benefit managers to share detailed claims data with local governments in New Jersey at no cost. Local units, including municipalities and school districts, can request this information to better understand their healthcare spending, and providers must supply the data electronically within 60 days of a written request. The law specifically mandates the disclosure of prescription drug details, rebate amounts, and spread pricing practices while maintaining patient privacy under federal HIPAA rules. To ensure compliance, the bill authorizes the Department of Banking and Insurance to investigate violations and impose fines of up to $5,000 for each day a provider fails to share the required information.
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.
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.
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.
