Maddy summaryNew Jersey Assembly Bill A4534 (A4534) expands the types of projects eligible for funding under the Urban Enterprise Zone (UEZ) program. It revises the definition of "qualified assistance fund expenses" to explicitly include transportation infrastructure projects (like roads, bridges, and public transit facilities) and related loan payments, regardless of whether they occur in designated commercial corridors. This change allows qualifying municipalities to use UEZ program funds for broader transportation improvements - such as repairing public roads or financing transit infrastructure - rather than being limited to corridor-specific projects. The bill directly affects UEZ-designated areas in economically distressed New Jersey communities seeking to revitalize their infrastructure through state-funded incentives.
Sponsored bills
Maddy summaryThe "Equitable Drug Pricing and Patient Access Act" (S 3538) sets a minimum reimbursement rate for pharmacies dispensing drugs to Medicaid patients, requiring payments to cover the national average drug cost plus a $10.92 dispensing fee. It mandates Medicaid managed care plans to allow patients to choose any participating pharmacy and to reimburse out-of-network pharmacies at the same rate as in-network ones. The bill also requires the State Auditor to audit pharmacy pricing practices within Medicaid to identify potential state savings from these changes. These provisions directly affect pharmacies, Medicaid managed care organizations, and New Jersey's Medicaid program.
Maddy summaryS 3432 establishes the "Next New Jersey Program Act," creating tax credits for businesses investing in artificial intelligence (AI) data centers within New Jersey. The program directly affects eligible businesses (including corporations, LLCs, and cooperatives) that build or upgrade facilities specifically for AI workloads, such as machine learning and data processing. Key mechanisms include tax credits based on qualifying capital investments (like construction and equipment) and requirements for hiring full-time employees earning at least 120% of the county median salary with health benefits. Businesses must meet these criteria during a five-year eligibility period to claim credits, with the program administered by the New Jersey Economic Development Authority. The bill passed both legislative chambers in June 2024 and was signed into law as P.L.2024, c.49.
Maddy summaryThis bill extends temporary flexibility for businesses receiving state tax credits under economic development programs. It allows eligible businesses to reduce the required time employees spend at their facility (from 60% to 50% or 40%, depending on location) for tax periods ending March 31, 2024, and requires them to make payments (5% for 2022 credits, 20% for future credits) to fund small business support. The funds must be used within 12 months for downtown activation or small business financing in designated areas, with annual reports to the legislature. The bill applies to businesses with existing tax credit agreements that entered into incentive agreements before April 1, 2024.
Maddy summaryThis bill authorizes the New Jersey Infrastructure Bank to provide up to $7,198,045 in low-interest loans for six specific hazard mitigation and resilience projects across six local governments (including Jersey City, Hoboken, and Bergen County). The loans, part of the Community Hazard Assistance Mitigation Program (CHAMP), will finance projects like flood mitigation at pump stations and park resilience improvements to reduce climate-related risks. The bank may use interest from repayments and loan origination fees to fund these projects and cover operational costs, with all loans requiring repayment within 30 years. The authorization is specific to fiscal year 2025 and expires on July 1, 2025.
Maddy summaryThis bill authorizes the New Jersey Infrastructure Bank to provide up to $2.73 billion in loans to local governments and public water utilities for environmental infrastructure projects during fiscal year 2025. It specifically funds 156 clean water projects (totaling $1.9 billion) and 72 drinking water projects (totaling $715 million) through designated eligibility lists. Loans can cover a portion of construction costs with repayment terms up to 30 years, and interest rates tied to the bank's bond rates. The bill also authorizes an additional $1.5 billion for short-term loans through the Interim Environmental Financing Program for priority projects.
Maddy summaryThis bill amends New Jersey's film and digital media tax credit program to include wages and salaries paid to workers not subject to New Jersey's gross income tax due to reciprocity agreements with other states. It expands the definitions of "qualified film production expenses" and "qualified digital media content production expenses" to cover these payments, including compensation paid to workers from states like Pennsylvania with which New Jersey has reciprocal tax agreements. The bill also updates the definition of "full-time or full-time equivalent employee" to include workers whose wages aren't subject to New Jersey tax due to reciprocity agreements. The changes apply retroactively to January 1, 2024, allowing taxpayers who haven't used their tax credit certificates to receive revised certificates under the new rules.
Maddy summaryThis bill establishes two new benefit programs under New Jersey's Work First New Jersey (WFNJ) cash assistance program. It provides eligible participants with a $14 monthly benefit for menstrual hygiene products (tampons, pads, or cups) for individuals aged 18-50, and a $30 monthly benefit per child under 36 months for diaper products. Benefits are added to participants' existing WFNJ electronic cards on the same schedule as regular benefits, with unspent funds carrying over monthly. The $2.5 million appropriation funds these programs, which directly affect low-income WFNJ recipients and their dependent children.
Maddy summaryThis bill (S 360) allows taxicabs, limousines, and ride-sharing services (like Uber or Lyft) to provide paratransit transportation for people with disabilities for a two-year period. It amends New Jersey law to remove the current exclusion of these services from the definition of "paratransit," which previously limited such services to government-run or contracted providers. This change directly affects residents with disabilities who rely on specialized transportation under the Americans with Disabilities Act. The key mechanism is updating legal definitions in transportation statutes to include these providers as eligible for paratransit service.
Maddy summaryS 2330 establishes a one-year pilot program providing two new benefits for participants in New Jersey's Work First New Jersey (WFNJ) cash assistance program, which supports low-income residents. It allocates $2.5 million to the Department of Human Services to distribute a $14 monthly benefit for menstrual hygiene products (e.g., tampons, pads, cups) to participants aged 18-50 who menstruate, and a $30 monthly benefit per child under 36 months for diaper products to parents in the program. Benefits are delivered via existing WFNJ electronic cards on the same schedule as standard benefits, with unspent funds rolling over to the next month for the same purpose. The bill defines eligible products and requires their exclusive use for the specified items.