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

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 & TaxesSupports Budget & TaxesBill authorizes new tax revenue for large municipalities to fund essential transportation services and administrative costs, directly strengthening local fiscal capacity.90% confidence ✓ TransportationSupports TransportationBill allows municipalities to use parking tax revenue for transit operations and administrative costs, directly funding transportation services.95% 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

Track

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 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 & TaxesSupports Budget & TaxesBill enables temporary fund transfers to manage health benefits, ensuring program solvency and fiscal stability for school employees.75% confidence | Rep's Stance ✓ Voted Yes ✓ Supports 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 & TaxesSupports Budget & TaxesBill reduces tax burden for lower-income businesses by preserving full deductions, while limiting benefits for higher earners, promoting fiscal equity.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes