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.
Sponsored bills
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 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 expands New Jersey school districts' ability to enroll nonresident children of school employees without tuition. Currently, only children of "teaching staff members" could be enrolled tuition-free; this bill broadens the category to include *all* school district employees permitted by contract or policy to enroll their children without payment. The change applies to all public school districts and affects nonresident children of employees (like administrators, support staff, or cafeteria workers) whose district allows tuition-free enrollment. It updates both enrollment rules and the definition of "resident enrollment" used for state funding calculations. The bill does not affect tuition requirements for non-employee families or other nonresident students.
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 prohibits sports wagering licensees in New Jersey from offering or accepting bets on specific player performance outcomes in college sports. It specifically bans "player-specific proposition bets," which are wagers on individual player statistics (like scoring totals or which player will score first) rather than the final game result. The legislation applies to all casinos and racetracks holding sports wagering licenses in New Jersey. The bill defines proposition bets as side wagers on parts of a sports event that don't concern the final outcome, aiming to address concerns about student-athlete harassment and maintain college sports integrity.
Maddy summarySJR 158 designates June 25 of each year as "Delaware and Raritan Canal Day" to honor the historical significance of the 70-mile waterway. The resolution requests the Governor issue an annual proclamation encouraging public officials and citizens to observe the day with appropriate activities. This commemorative resolution, which takes effect immediately, recognizes the canal's role in New Jersey's industrial heritage and its current status as the state's second-most-visited park. It does not create new laws or programs but formally acknowledges the canal's cultural and historical importance.
Maddy summaryThis bill requires owners of multi-story apartment buildings (three or more floors) that aren't cooperatives or condos to give priority to senior citizens or disabled residents with mobility issues who want to move to a lower floor within the same building. It grants these residents the right to move into available lower-floor units with the same number of bedrooms before other applicants, including other residents seeking to move down. The rule applies to buildings not covered by specific cooperative or condominium laws and doesn't override existing affordability or income restrictions. Owners must post a notice about this priority policy in a visible location.
Maddy summaryThis bill requires electric utilities owning transmission facilities in New Jersey to join and transfer control of those facilities to federally approved regional transmission organizations (like independent system operators). It directly affects electric utilities operating transmission infrastructure within the state, mandating they comply with specific standards for these entities. Key provisions include preventing "rate pancaking" (multiple duplicate fees for electricity delivery), ensuring transmission control is separate from power generation, improving grid reliability, and requiring independent governance. The bill takes effect immediately upon passage, with the Board of Public Utilities authorized to implement necessary rules.
Maddy summaryThis bill requires scrap processing facilities that store or handle automotive shredder residue (ASR) to obtain a permit from New Jersey's Department of Environmental Protection (DEP). It amends state law to define ASR - nonrecyclable residue from shredding cars and metal scrap - as "hazardous waste," subjecting it to the same regulations as other hazardous materials. The DEP must establish permit limits on ASR storage volume, height, duration, and prohibit storage near homes or critical infrastructure. The law takes effect one year after enactment, applying to all facilities processing this residue.