Asm. Katie Brennan

Maddy summaryThis bill limits the amount of net operating loss deductions that corporations in New Jersey can claim under the corporation business tax to a maximum of $1 million per tax period. It applies to privilege periods ending between July 31, 2026, and July 31, 2030, affecting approximately 600 taxpayers. If a company cannot use its full deduction due to this cap, the unused portion can be carried forward for an additional six tax periods or used to reduce taxable income by up to 75% in later periods ending between 2030 and 2032. The legislation also waives interest and penalties on estimated tax payments made between late 2025 and early 2027 that result from these new limits.

Maddy summaryThis New Jersey bill temporarily increases the state child tax credit for residents with taxable income of $80,000 or less during the years 2026, 2027, and 2028. The legislation raises the credit amount for each child under the age of six, providing a $250 increase for families earning $30,000 or less and smaller increments for those earning up to $80,000. After these three years, the credit amounts will revert to their previous levels. The change applies to all filing statuses and allows the credit to be fully refunded if it exceeds the tax owed.

Maddy summaryThis bill makes permanent a temporary law that allows certain licensed retailers and manufacturers in New Jersey to sell and deliver alcoholic beverages directly to consumers. It expands privileges for holders of retail and brewery licenses, permitting them to ship sealed alcohol to residents aged 21 and older for off-premises consumption. The legislation also sets specific rules for packaging, such as requiring tamper-evident seals and limiting mixed drink containers to 16 fluid ounces, while clarifying the delivery and sampling rights for brewery license holders.

Maddy summaryThis bill directs the New Jersey Economic Development Authority to create a program that helps businesses understand and adopt employee ownership models, such as worker cooperatives or stock ownership plans. To support this goal, the program will offer funding for feasibility studies, provide expert consulting advice, and publish educational resources online for both employers and employees. Eligible businesses must be located in New Jersey, have at least 20 full-time employees, and maintain good standing with state agencies to receive these services. Additionally, the authority will partner with educational institutions to offer early-stage technical assistance to smaller companies that may not yet be ready for a transition.

Maddy summaryThis New Jersey bill prohibits the sale, manufacture, and distribution of apparel containing intentionally added perfluoroalkyl and polyfluoroalkyl substances (PFAS) starting two years after the law takes effect. The legislation defines 'apparel' broadly to include clothing, footwear, and outdoor gear, while explicitly excluding personal protective equipment and military uniforms. Violations of the ban will be treated as offenses under existing consumer protection laws, with penalties applied to sellers and manufacturers who distribute non-compliant products.

Maddy summaryThis New Jersey bill mandates that health insurance plans and Medicaid cover medically necessary tests and FDA-approved treatments designed to slow the progression of Alzheimer's disease and related disorders. The law applies to hospital service, medical service, and health service corporation contracts, as well as individual and group health insurance policies issued or renewed in the state. A key provision ensures that these specific Alzheimer's treatments are not subject to step therapy requirements, meaning patients can access them without needing to try other medications first. Additionally, the coverage must be provided at the same level as benefits for other medical conditions.

Maddy summaryThis bill, titled the "End Data Center Tax Credits Act," sets a combined nine-year spending cap of $11.5 billion for various state tax credit programs, including those for economic recovery, arts, and manufacturing. It specifically reduces the amount of credits available under the Next New Jersey Program and directs $200 million of those credits to a housing agency through competitive auctions. Additionally, the legislation authorizes the Board of Public Utilities to issue tax credits for energy storage projects and creates a temporary income tax credit for certain residential electricity customers.

Maddy summaryThis bill allows school districts in New Jersey to use leftover state funding for nonpublic school nursing services to pay for security services, and vice versa. Currently, districts must return any unused money from these specific programs to the state after the school year ends. The change permits districts to apply unspent funds from one program toward the costs of the other before a refund is required. This adjustment provides districts with more flexibility in managing state aid allocated for student safety and health care in private schools.

Maddy summaryThis bill permanently extends pay parity for telemedicine and telehealth services in New Jersey, requiring health insurance carriers to reimburse providers at the same rates as in-person care. It directly affects insurance companies, healthcare providers, and patients by mandating that out-of-pocket costs like deductibles and copayments for virtual visits cannot exceed those for in-person appointments. The legislation also prohibits insurers from restricting telehealth platforms, limiting service locations, or denying coverage for routine remote monitoring if the same care would be covered in person. Additionally, carriers must continue to allow patients to choose between in-person and virtual care rather than forcing telehealth as a substitute.

Maddy summaryThis bill allows dual-use solar facilities, such as those on landfills or brownfields, to join New Jersey's community solar program, enabling customers to receive bill credits from remotely located solar projects. It requires the Board of Public Utilities to establish rules for a pilot program that sets project size limits, geographic restrictions, minimum participant numbers, and standards for protecting low and moderate income customers. The legislation also mandates that utilities can recover implementation costs and outlines a path to convert the pilot into a permanent program with specific capacity goals by 2029.