This bill (A 3906) requires New Jersey state agencies to apply a price discount (up to 5%) to bids for asphalt or concrete when using pervious pavement materials on public construction projects. It directs the Department of Environmental Protection to create a stormwater management hierarchy ranking materials by their ability to reduce runoff and filter contaminants. Taxpayers purchasing pervious pavement for municipal, county, or state projects can claim a credit against certain taxes. The bill directly affects state agencies, contractors working on public projects, and businesses selling these materials, aiming to promote environmentally beneficial paving through procurement incentives and tax relief.
This bill exempts privately owned land and buildings from property taxes when leased to New Jersey's state, county, or municipal governments, school districts, or other public entities for specific public purposes. It applies to properties used for government operations, public services, stadiums, historical exhibits, or leased to nonprofits for exempt functions. The exemption requires the property to remain dedicated to these public uses throughout the lease term. The bill amends existing tax law to clarify that such leased properties are not subject to local property taxes, effective immediately upon enactment.
This bill allows New Jersey corporations to claim a 1% tax credit against their corporation business tax for payments made to NJ small businesses that perform subcontracted work within the state. It directly affects corporations doing business in New Jersey that subcontract work they were contracted to perform. To qualify, the subcontractor must be a New Jersey business with fewer than 50 employees and not affiliated with the paying corporation, and the work must be performed in New Jersey. The credit is limited to 50% of the tax liability and cannot reduce taxes below the statutory minimum.
S 3551 would amend New Jersey's gross income tax law to allow employees of public schools and federal tax-exempt organizations (such as hospitals, churches, and social service groups) to exclude their retirement savings contributions from current taxable income. Currently, New Jersey permits this tax deferral for employees of private businesses but not for these specific retirement plans used by tax-exempt organizations. The bill extends the same tax treatment to these employees by aligning New Jersey's rules with federal tax code provisions for retirement savings. This change would take effect for taxable years beginning after the bill's enactment.
This bill establishes a new calculation method for retirement costs at New Jersey's public colleges and universities (like Rutgers and NJIT), requiring the state to set a separate "fringe benefit rate" reflecting actual retirement expenses. It also requires public institutions to pay for health insurance coverage for part-time faculty (including adjuncts and lecturers) who taught at least 24 credits in the prior fiscal year and 12 credits in the current year, making them eligible for benefits as if they were full-time. Employers must cover the full cost of health plans, shifting this responsibility from part-time faculty who meet the teaching credit thresholds. The bill aims to standardize retirement cost accounting and expand health coverage access for qualifying part-time educators.
This bill increases the tax rate on fire insurance premiums collected by out-of-state insurers from 2% to 3% for properties located in New Jersey. It directly affects non-New Jersey-based fire insurers and their agents/brokers who place insurance with such companies. The tax is calculated on premiums received during the prior year and paid annually to the New Jersey State Firemen's Association. Funds collected are allocated to local fire districts or, if no local association exists, to the New Jersey Firemen's Home for operational expenses and capital projects. The change applies to all fire insurance premiums excluding those on stored vehicles.
ACR 31 proposes a constitutional amendment allowing New Jersey municipalities to create partial property tax exemptions for volunteer firefighters and first responders' primary homes. It would authorize cities or towns to pass local ordinances providing exemptions of up to 10% of a home's assessed value for active volunteer members of fire companies or first aid/rescue squads serving that municipality. The exemption applies only to the primary residence of eligible volunteers, with municipalities deciding the exact percentage (up to 10%) and the state not required to reimburse lost tax revenue. This amendment must be approved by voters before it can take effect.
This bill requires New Jersey's Department of Health and Department of Corrections to reimburse volunteer emergency service organizations for expenses related to false alarms at specific state facilities. It covers costs for damaged or used emergency equipment and vehicles when volunteers respond to alarms that don't involve actual emergencies at state psychiatric hospitals, developmental centers, or correctional facilities. The reimbursement is in addition to any existing penalties for false alarms and does not affect volunteers' status. The state must appropriate funds annually from the General Fund to cover these reimbursements.
This bill directs New Jersey to use excess revenue from energy sales and use taxes (above the 2025 fiscal year level) into the Universal Service Fund. The fund supports utility assistance programs like the Payment Assistance for Gas and Electric Program, which helps low-income households with energy costs. It specifically allocates funds when tax collections exceed the 2025 baseline, ensuring ongoing support for these programs. The policy directly affects utility assistance programs and the households they serve.
This bill creates a New Jersey state tax deduction for businesses that donate food from their inventory to qualified charities. It allows taxpayers to deduct the same amount for state income tax as they could claim under federal tax rules (as of December 2013) for donations of "apparently wholesome" food - meaning food meeting safety standards but unsellable due to appearance, age, or surplus. The deduction applies regardless of whether the business claims a federal charitable deduction. It directly affects New Jersey businesses that donate excess food inventory to IRS-qualified charitable organizations.
