Sen. Linda Greenstein

Maddy summaryS 4071 redirects $400 million in tax credits from the Community-Anchored Development Program and Cultural Arts Incentives Program to the New Jersey Housing and Mortgage Finance Agency (HMFA). The bill requires HMFA to conduct competitive tax credit auctions to sell these credits, with annual limits of $75 million and a minimum sale price of 85% of the credit value. Proceeds from these auctions must fund middle-income workforce housing developments, defined as housing for households earning 80-120% of the local median income, located near public transportation or job opportunities. This housing must be deed-restricted for these income-eligible households.

Maddy summaryThis New Jersey bill requires the Board of Public Utilities to create a program that procures and provides financial incentives for transmission-scale energy storage systems (those with at least 5 MW capacity) with a minimum total capacity of 500 MW for the first round of applications. The program will provide annual incentive payments of $60 million over a 15-year period to qualified projects, with applications evaluated based on cost, project readiness, and community benefits. The incentives will be funded through the societal benefits charge, and the BPU must report on the program's impact one year after initial procurement, assessing progress toward the state's 2030 energy storage target.

Maddy summaryS 4407 establishes the Next New Jersey Manufacturing Program, which provides tax credits to manufacturers and clean energy product manufacturers that make significant investments in New Jersey. To qualify, businesses must invest at least $10 million in capital projects, create at least 20 new full-time jobs with median salaries at least 120% of county manufacturing averages, and meet other program requirements. The tax credit amount equals the lesser of 0.1% of capital investment multiplied by new jobs, 25% of capital investment, or $150 million, with $100 million reserved exclusively for clean energy manufacturers during the first two years. Businesses must maintain project locations and job levels for the commitment period, with potential tax credit recapture if requirements aren't met.

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 requires New Jersey's Department of Environmental Protection (DEP) and Department of Transportation (DOT) to create a "Wildlife Corridor Action Plan" within 24 months. The plan must identify natural wildlife movement pathways, areas with frequent animal-vehicle collisions, and barriers like roads, then prioritize safety projects to protect both wildlife and drivers. It mandates the plan be updated every 10 years and coordinated with conservation groups, existing projects like NJ CHANJ, and road construction. The state appropriates $90,000 to fund the DEP and DOT's work on this plan. The bill directly affects wildlife habitats, driver safety, and state agency planning processes.

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 revises New Jersey's juvenile justice law to address the placement of juveniles who turn 18 while under supervision. It requires courts to hold hearings when juveniles reach age 18 to determine if they should remain in juvenile detention facilities, be transferred to adult county jails, or be placed in secure facilities operated by the Youth Justice Commission. The bill specifies factors courts must consider in these determinations, including the juvenile's physical/mental danger to others, gang affiliations, nature of crimes, prior delinquency history, maturity, and risk of self-harm. It also establishes a two-year limit for final disposition of juvenile cases and provides credit for time served while awaiting a prosecutor's motion to waive jurisdiction.

Maddy summaryThis bill authorizes the New Jersey Housing and Mortgage Finance Agency (HMFA) to issue project financing tax credits to support housing development. It specifically targets developers of qualified housing projects that have received a 4% federal low income housing tax credit (LIHTC) but still face a financing gap for their projects. The HMFA can award tax credits to cover this gap, up to the amount that would make the project equivalent to a 9% LIHTC. Additionally, the bill requires the reallocation of uncommitted tax credits from the Community-Anchored Development Program to the HMFA to support these housing initiatives.

Maddy summaryThis bill increases the monthly personal needs allowance (PNA) from $50 to $140 for low-income residents in nursing homes, state psychiatric hospitals, and state developmental centers. The allowance is intended for personal expenses like phone calls, meals, clothing, and hobbies, allowing residents greater autonomy over basic needs. The new amount will be adjusted annually by the same percentage as the Social Security cost-of-living adjustment, starting January 1 of the year following enactment.

Maddy summaryThis bill establishes a 25-member "Youth Detention Task Force" to assess New Jersey's current youth detention system and recommend improvements. The task force will evaluate whether existing county facilities, Youth Justice Commission-managed facilities, or an alternative system best serves youth, considering factors like safety, rehabilitation, resources, and security. It includes members from both legislative chambers, state agencies (Attorney General, Youth Justice Commission, Education, Children and Families), and stakeholder groups (county prosecutors, juvenile detention associations, public representatives). The task force must submit findings and legislative recommendations within 18 months of its first meeting, after which it will expire 30 days later. The bill directly affects how New Jersey manages youth detention facilities and the oversight process for detained youth.