Maddy summaryThis bill (S 3992) modifies New Jersey’s requirements for capital reserve funding plans used by condominium and cooperative associations managing common interest communities. It mandates that 30-year funding plans must allow reserve funds to reach exactly zero dollars (not fall below) during the planning period, while permitting additional plans with higher minimum balances or escalating contributions. Associations must now ensure reserve studies are reviewed by licensed professionals every five years, shifting this responsibility from building owners to the associations themselves. The bill also clarifies that "adequate" funding means reserves sufficient to prevent the fund balance from dropping below zero, applying to associations with over $25,000 in common area assets.
Sponsored bills
Maddy summaryThis bill establishes the Next New Jersey Manufacturing Program, which provides tax credits to businesses that make significant investments in New Jersey manufacturing facilities. To qualify, businesses must invest at least $10 million in capital and create at least 20 new full-time jobs with median salaries at least 120% of local manufacturing averages. The tax credit amount is calculated as the lesser of 0.1% of capital investment multiplied by new jobs, 25% of capital investment, or $150 million, with $100 million reserved for clean energy manufacturers in the first two years. Businesses must maintain the jobs and investment for a specified period, and may forfeit credits if they fail to meet requirements.
Maddy summaryThis bill appropriates $107,999,000 from constitutionally dedicated corporation business tax revenues and Green Acres funds to the New Jersey Department of Environmental Protection (DEP). The funds support local governments in acquiring land for recreation and conservation (e.g., parks, open space) and developing existing lands (e.g., park improvements, inclusive playgrounds under "Jake's Law"). Specifically, $22.4 million funds land acquisition projects, $80.3 million supports development projects like park upgrades and inclusive playgrounds, and $3 million establishes a new planning grant program for local conservation planning. It prioritizes projects in densely populated areas and urban aid municipalities, as defined by population density thresholds.
Maddy summaryThis bill requires school bus personnel working with students with disabilities to call 911 during potential life-threatening emergencies and report these calls to the Office of Special Education. It mandates that school buses transporting students with disabilities be equipped with interior video cameras, real-time GPS tracking, and two-way communication devices. School bus drivers and aides must receive specialized training on emergency procedures and interacting with students with disabilities, with school districts and contractors required to maintain records of emergency calls. Failure to comply with the 911 reporting requirement can result in civil penalties of up to $25,000 per violation. The bill applies specifically to school buses transporting students with disabilities, affecting school bus personnel, school districts, and bus contractors.
Maddy summaryThis bill clarifies requirements for municipal master plans in New Jersey, specifically for the land use plan element and housing plan element. It requires municipalities to ensure their land use plans explicitly describe how they relate to and support the housing plan element, including showing redevelopment plans for areas designated for redevelopment. The bill moves specific housing planning requirements from one law to another to make the requirements clearer and more organized. Municipalities must now include analyses of affordable housing needs, demographic trends, and housing capacity in their housing plan elements. This bill affects all New Jersey municipalities that prepare or update their master plans.
Maddy summaryThis bill allows New Jersey property owners to claim a state income tax deduction for the capital gain realized when selling certain real estate interests to qualified conservation organizations. It applies to both full market value sales and "bargain sales" (where property is sold below market value but still includes a conservation component), with the deduction amount matching the federal capital gain calculation. The deduction covers sales to organizations participating in programs like Green Acres, Blue Acres, farmland preservation, historic preservation, and wildlife conservation initiatives. It directly affects landowners who sell conservation-protected property to these groups, helping offset taxable gains while supporting land preservation efforts.
Maddy summaryThis bill requires New Jersey's Motor Vehicle Commission (MVC) to create secure mobile driver's licenses and digital non-driver ID cards for residents who voluntarily request them. The digital versions will include all the same information as physical licenses, be accessible on smartphones or tablets, and allow users to update their motor vehicle records (like address changes) in real time, with updates overriding physical copies. The MVC must implement security features to prevent fraud and will be permitted to charge a reasonable fee for the service. The bill also explicitly allows drivers to display these digital IDs to police officers instead of physical cards, while protecting the privacy of other device contents.
Maddy summaryThis bill authorizes New Jersey's Housing and Mortgage Finance Agency (HMFA) to provide supplemental tax credits to housing developers who have received four-percent low-income housing tax credits (LIHTC) but would qualify for nine-percent LIHTC. The supplemental credits cover the "project financing gap" for qualifying housing projects, ensuring developers receive a subsidy equivalent to a nine-percent LIHTC. The agency can award these credits to developers who demonstrate a financing gap, with the credit amount limited to the smaller of either the gap amount or the amount needed to reach a nine-percent subsidy level. Developers may transfer or sell these tax credits under specific conditions, including minimum sale amounts and restrictions on further transfers.
Maddy summaryThis bill creates a new process for dividing family-owned property when multiple owners inherited shares from relatives. It applies to real estate held in tenancy in common where at least 20% of ownership is tied to family relationships. The key change requires courts to first appoint a special master to determine fair market value, then offer other owners the chance to buy out those seeking to sell before forcing a sale or division. This replaces the standard court-ordered sale process for qualifying "heirs property," aiming to preserve family ownership through a structured buyout option.
Maddy summaryNew Jersey's S 1439 requires health insurance plans (including hospital, medical, health service, and individual policies) to cover orthotic and prosthetic appliances from licensed providers - including podiatrists - when medically necessary for daily activities. It also mandates coverage for *additional* appliances needed for specific sports and recreational activities like running, swimming, skiing, and team sports, as determined by a physician. Insurance plans must reimburse at the same rate as federal Medicare for these appliances. This applies to all relevant health insurance contracts in New Jersey, directly affecting insured individuals needing these devices for mobility or recreation.