Asm. Ellen Park

Maddy summaryThis bill appropriates $58.78 billion in state funds and $31.01 billion in federal funds for New Jersey's fiscal year 2026 budget (July 1, 2025-June 30, 2026). It allocates these funds across various state departments including Agriculture, Education, Health, Human Services, and others, specifying the amounts for different programs and services. The bill authorizes the state government to operate and fund public services during the 2025-2026 fiscal year. As a standard budget bill, it does not create new policy but provides the necessary financial resources for existing state operations. This funding mechanism supports the state's ability to deliver public services but does not directly affect individual citizens.

Maddy summaryThis bill increases tax credits for investors who fund New Jersey emerging technology businesses by 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 diverse entrepreneurs, making it 65% total). It lowers the employee threshold for qualifying businesses from 225 to 150 employees, expanding eligibility to more small technology companies. The bill also revises definitions of qualifying businesses and investments under the "New Jersey Angel Investor Tax Credit Act" while repealing the "New Jersey Ignite Act." These changes directly affect investors, emerging technology businesses, and qualified venture funds seeking tax benefits.

Maddy summaryThis is a ceremonial resolution, not a policy bill. It honors the late Congressman William J. Pascrell, Jr. (who served in Congress from 1997 until his death in 2024), specifically recognizing his founding role in the Congressional Brain Injury Task Force. The resolution urges New Jersey's current and future U.S. Congress members to join and support this bipartisan task force, which focuses on advancing brain injury awareness, research, and policy. It has no effect on laws or funding - it is purely a commemorative statement.

Maddy summaryThis bill requires contractors bidding on New Jersey public works projects (funded by public funds) to certify that each employee meets one of three minimum qualifications: a high school or GED diploma, enrollment in an equivalent apprenticeship program, or four years of verifiable work experience as a tradesperson. Contractors must provide documentation to verify these qualifications during electronic registration with the state. The law directly affects construction and labor contractors working on public projects, ensuring workers meet basic education or experience standards. It amends existing registration requirements under P.L.1999, c.238, with enforcement tied to contractor registration status.

Maddy summaryThis bill establishes the "Motor Vehicle Open Recall Notice and Fair Compensation Act" to improve transparency around vehicle recalls and provide fair compensation for dealers. It requires motor vehicle dealers to check for open recalls on used vehicles using the National Highway Traffic Safety Administration website before sale, inform prospective buyers about any recalls found, and not sell vehicles subject to stop-sale or do-not-drive notices. Dealers must also provide the New Jersey Motor Vehicle Commission with lists of vehicles with long-unfixed recalls (six months or more), triggering the Commission to send official notices to vehicle owners. The bill also establishes compensation requirements for dealers when parts are unavailable for recalled vehicles, requiring 1.75 percent of the vehicle's value per month for used vehicles or the manufacturer's suggested retail price for new vehicles.

Maddy summaryS 2026 is a budget bill that allocates $58.78 billion in state funds and $31.01 billion in federal funds for New Jersey's government operations during fiscal year 2026 (July 1, 2025-June 30, 2026). This bill provides the necessary funding for all state departments and programs to operate throughout the upcoming fiscal year. The bill does not create new policies or programs, but rather appropriates existing funding sources to support ongoing state government functions.

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 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 summaryBill A4568 establishes a 23-member Task Force on the Status of Juvenile Delinquency and Remediation to examine rising juvenile crime trends in New Jersey. The task force includes legislative members, state agency heads (like the Attorney General and Juvenile Justice Commission Director), appointed public experts (including a motor vehicle theft specialist and civil rights advocates), and legal professionals. It will evaluate causes of increased juvenile offenses, coordination of rehabilitation services across counties, facility capacity for detained youth, and policies related to the Juvenile Detention Alternative Initiative. The task force must submit findings and legislative recommendations to the Governor and Legislature within 18 months of its first meeting, and will expire 30 days after that report is submitted. This bill directly affects state agencies, juvenile justice stakeholders, and future policy decisions regarding youth offenders.

Maddy summaryThis bill (A5376) creates two new state entities: the Health Care Cost Containment and Price Transparency Commission (18 members) and the Office of Healthcare Affordability and Transparency within the Department of Health. It requires hospitals to publicly disclose pricing data for inpatient, outpatient, emergency, and physician services (using standard billing codes) and sets annual benchmarks for health care cost growth and hospital prices. Health care entities exceeding these benchmarks must submit improvement plans, and hospitals failing to comply with transparency rules face civil penalties of $10 per bed per day. The bill directly affects all hospitals, health care providers, and payers in New Jersey, with $5 million appropriated for implementation.