Asm. Roy Freiman

Maddy summaryThis bill allows New Jersey individual taxpayers to deduct certain capital gains from selling qualified small business stock held for more than five years. It applies to stock in C corporations that meet specific requirements, including having no more than $50 million in assets at issuance, using at least 80% of assets in active qualified businesses (not service industries like law or finance), and having 80% of payroll in New Jersey. The deduction is limited to the greater of $10 million (reduced by prior years' deductions) or ten times the stock's adjusted basis. The bill aims to encourage investment in New Jersey-based small businesses by reducing capital gains tax on qualifying stock sales after a five-year holding period.

Maddy summarySenate Bill S 2788 appropriates $128.241 million from constitutionally dedicated corporation business tax (CBT) revenues to the State Agriculture Development Committee (SADC) for farmland preservation. The funds will pay for permanent land protections on farmland through development easements or fee simple purchases, with grants available to counties (covering up to 80% of costs), municipalities, and qualifying nonprofits (covering up to 50% of costs). Additional funds cover administrative expenses, including staff salaries, appraisals, survey costs, and legal enforcement of preservation agreements. This bill implements existing farmland preservation programs under the Preserve New Jersey Act and related legislation.

Maddy summaryThis bill modifies New Jersey's Innovation Evergreen Program, which funds investments in high-growth businesses through tax credit auctions. It expands eligibility by adding headquarters location as a factor for determining "principal business operations," making it easier for businesses with New Jersey headquarters to qualify. The bill increases the maximum initial investment from $5 million to $10 million (and to $12.5 million for university spin-offs or minority/women-owned businesses), and raises the threshold for triggering a pause in tax credit auctions from $15 million to $50 million in available funds. These changes aim to strengthen support for innovation-driven businesses while streamlining reporting requirements for participating venture firms.

Maddy summaryThis bill extends a pause on collecting new student growth objective data for teacher evaluations in New Jersey schools. It applies to the 2024-2025 school year and subsequent years until the next revision of education regulations (N.J.A.C.6A:10). During this pause, school districts must use existing student growth data from the previous year for evaluations, though new teachers or those without prior data must still set objectives and collect data during this period. The pause ends once updated evaluation guidelines are implemented following recommendations from the New Jersey Educator Evaluation Review Task Force. This directly affects teachers, principals, and school districts in New Jersey.

Maddy summaryThis bill appropriates $247.1 million from New Jersey's Debt Defeasance and Prevention Fund: $222 million for the Department of Corrections to build a new women's correctional facility in Chesterfield Township (replacing Edna Mahan Correctional Facility for Women), and $25.1 million for other state capital projects recommended by the Capital Budgeting Commission. It also establishes a process for future fund use to pay off state debt without new borrowing, requiring the Joint Budget Oversight Committee to review and approve capital projects quarterly. If the committee misses a deadline, projects submitted over 45 days prior are automatically approved. The bill directly affects state agencies managing correctional facilities and capital construction projects.

Maddy summaryThis bill increases tax credits for investors who fund New Jersey emerging technology businesses, raising the credit rate from 20% to 60% of qualified investments, with an additional 5% available for investments in opportunity zones, low-income communities, or certified minority/women-owned businesses. It also lowers the maximum employee count for qualifying businesses from 225 to 150 employees. The bill repeals the "New Jersey Ignite Act" while updating definitions and mechanisms for the tax credit program to better support technology startups across fields like biotechnology, renewable energy, and advanced computing. This change directly affects individual investors and venture funds making qualifying investments in New Jersey-based technology businesses.

Maddy summaryThis bill is a symbolic resolution designating June 2025 as LGBTQ+ Pride Month in New Jersey. It does not create new laws or affect specific groups through policy changes; instead, it formally recognizes the contributions of LGBTQ+ individuals to New Jersey society. The resolution urges public officials and citizens to commemorate the month with appropriate activities. It follows the state's longstanding commitment to inclusivity and aligns with federal Pride Month designations. (Note: As a procedural resolution, it has no legal force beyond symbolic recognition.)

Maddy summaryThis bill corrects a technical error in the Fiscal Year 2025 appropriations act by specifying that $500,000 for the Meals on Wheels Program must be distributed to the Jewish Federation of Northern New Jersey (not the generic "Jewish Federation of New Jersey"). It directly affects the Jewish Federation of Northern New Jersey as the intended recipient of this state grant. The key mechanism is amending the appropriations line item to use the organization's official name, ensuring funds reach the correct provider. This is a procedural clarification, not a policy change to the program itself.

Maddy summaryThis bill requires New Jersey's Department of Health (DOH) to assess children's oral health using the Basic Screening Survey, developed by dental health professionals. It mandates DOH, with dental staff, to collect random data samples from every county biannually on oral health status of preschool and school-aged children, with parental consent required for any data collection. All data must comply with privacy laws, and DOH must submit biennial reports to the Governor and Legislature with findings and recommendations. The survey is a screening tool to identify obvious dental issues, not a clinical exam or treatment plan. The bill directly affects children's oral health monitoring across New Jersey.

Maddy summaryAJR 62 designates the first week of May each year as "Children's Mental Health Awareness Week" in New Jersey. The resolution requests the Governor issue an annual proclamation encouraging public officials and residents to observe the week with activities promoting awareness of children's mental health. It aims to reduce stigma and improve access to treatment for children with mental health disorders, as highlighted in the bill's rationale about their vulnerability to school suspensions, substance use, and justice system involvement. The resolution does not create new laws or funding but serves as a symbolic annual observance.