Rep. Kevin Egan

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 summaryThis bill changes how New Jersey allocates lottery revenue to the state pension fund. Currently, at least 30% of lottery proceeds must fund the Common Pension Fund L. The bill lowers this minimum to 25% if average annual lottery sales and revenue over three consecutive years (after the bill's effective year) equal or exceed the base year's levels. If sales and revenue fall below the base year's figures during that period, the allocation reverts to 30% the following fiscal year. The change directly affects the state pension fund's funding from lottery revenue.

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 requires New Jersey's Office of Information Technology to create a centralized online hub called "Go NJ" that integrates multiple state government websites and services into a single platform. It directly affects the Office of Information Technology (which must build the hub) and state agencies (whose websites will be integrated), while benefiting individuals, businesses, and organizations seeking state services. Key provisions mandate the hub to centralize access to information on business permits, tax forms, environmental regulations, grants, and other services, with design requirements for mobile/desktop use and accessibility for users of all technical skill levels. The bill does not impose new rules on state agencies but requires their existing online resources to be consolidated under this unified portal.

Maddy summaryThis bill designates electrical linemen as "first responder electrical linemen" during weather-related emergencies declared by the Governor or President. It provides these workers with immunity from civil liability for good-faith actions while restoring power, except in cases of willful, wanton, or grossly negligent conduct. The bill also authorizes the State Police to issue special vehicle decals for linemen to display only during emergencies, with strict rules requiring removal after the emergency ends and penalties for misuse (including $100 fines for failure to return decals). Additionally, it amends emergency call systems to require public safety centers to route power service requests directly to these designated linemen during declared emergencies.

Maddy summaryThis bill (A4652) creates a new offense for "inciting a public brawl" when someone purposefully organizes or promotes a group of four or more people to engage in disorderly conduct. It upgrades penalties for disrupting public gatherings or events, making such conduct a "disorderly persons offense" (up to 6 months jail or $1,000 fine) instead of a lesser "petty disorderly persons offense." The bill also adds a provision penalizing people who conceal their identity during disorderly conduct to avoid arrest. These changes directly affect individuals organizing group disturbances or attempting to hide their identity at public events. The law amends New Jersey statutes N.J.S.2C:33-1 and N.J.S.2C:33-2.

Maddy summaryThis bill requires new flooring installed in schools (K-12) and licensed childcare centers to be certified as mercury-free by the manufacturer before a construction permit can be issued. For renovations involving existing flooring, applicants must either provide certification that current flooring is mercury-free (pending health department rules) or confirm it will be removed before new flooring is installed. Manufacturers falsely claiming mercury-free flooring face civil penalties of $10,000 for a first offense and $25,000 for repeat violations. The bill directly affects construction projects in these facilities and establishes a process for health department certification of mercury-free flooring.

Maddy summaryThe bill establishes a three-year pilot program for electronic monitoring of defendants charged with or convicted of sexual assault, human trafficking, kidnapping, domestic violence crimes, or contempt of domestic violence orders in Middlesex, Monmouth, and Union counties. Electronic monitoring would require victim consent and be ordered only after a court hearing considering risk factors using a standardized assessment tool. Defendants would pay an initial $250 fee and $50 per day (with waivers for financial hardship), with all funds going to the Electronic Monitoring and Crime Victim Notification Fund. The monitoring system would operate 24/7 and notify victims when offenders approach within specified distances (3 miles, 1 mile, and 1/2 mile). The bill appropriates $15 million total ($12 million for the monitoring program, $3 million for domestic violence victims).

Maddy summaryThis bill (A5440) requires New Jersey state agencies like the Department of Community Affairs, Department of Human Services, and the Board of Public Utilities to review and potentially raise income limits for residential customers to qualify for utility bill payment assistance and energy efficiency programs. It mandates that these agencies increase the income thresholds within one year of the bill's effective date. Agencies may seek public input or collaborate with other departments to determine appropriate increases. The change would directly help low-to-moderate income households by expanding eligibility for programs that reduce energy costs. The bill expires once the required income threshold increases are finalized.

Maddy summaryThis bill requires New Jersey financial institutions (like banks, credit unions, and mortgage servicers) to allow homeowners (mortgagors) to choose biweekly payments (every two weeks), bimonthly payments (twice monthly), or extra payments directly to their mortgage principal - without penalties. It mandates that any amount paid beyond the annual required total in biweekly plans must reduce the principal balance. The law applies to all new mortgage agreements signed six months after enactment and affects homeowners seeking more flexible repayment options to potentially pay off loans faster. It does not change existing mortgage terms but expands payment choices for future agreements.