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Trenton Watch 10/21/14

TRENTON WATCH  

OCTOBER 21, 2014

Tracking Legislation and Other Items Important to the Business Community:

ECONOMIC DEVELOPMENT

Thumbs UpEO14, Part 3 - A-3213 (Greenwald/D-6; Sumter/D-35; Mazzeo/D-2; Wimberly/D-35)/ S-1551 (Lesniak/D-20): The Senate concurred with the Governor's conditional veto by a vote of 22-5 making this version law. The Assembly concurred with the Governor's conditional veto by a vote of 49-13-9. It changes the Economic Opportunity Act of 2013 by further empowering Garden State Growth Zones to establish thresholds to encourage growth; extending the sunset date for the residential Economic Redevelopment and Growth (ERG) incentive program from July 2015 to July 2018; clarifying the proposed regulatory definition of "industrial" by including "warehouse" and expanding the ERG program to allow for 100% financing of publicly dedicated improvements. Contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

GOVERNMENT REFORM

Assembly Commerce and Economic Development Committee

Thumbs UpPermit Review Process - S-1813 (Whelan/D-2; Oroho/R-24)/ A-3123 (Burzichelli/D-3; Eustace/D-38; Andrzejczak/D-1; Mazzeo/D-2; Webber/R-26): Assembly committee passed. Requires state agencies to conduct periodic reviews of permits, licenses and certifications they issue in order to identify those that are obsolete or can be administered through a more expedited procedure. The committee amended the bill to establish an additional requirement that each state agency include a comprehensive written report highlighting action taken by the agency to reduce the number of permits that are backlogged. This legislation will promote efficiency in state government and help expedite permits. Contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it


Assembly Commerce and Economic Development Committee S-1813/A-3123 Vote: Johnson, Gordon M. (C) - Yes; Caride, Marlene (VC) - Yes; Benson, Daniel R. - Yes; Bucco, Anthony M. - Yes; DeCroce, BettyLou - Yes; Mosquera, Gabriela M. - Yes; Mukherji, Raj - Yes; Munoz, Nancy F. - Yes; Oliver, Sheila Y. - Yes; Pintor Marin, Eliana - Yes

Thumbs UpStreamlines Bond Issuance - A-1065 (Schaer/D-36; Sumter/D-35): Assembly passed 45-21-5. Eliminates the down payment requirement for counties and municipalities when they issue bonds. Under current law, most bond ordinances require a down payment of at least 5% for final adoption of the bond ordinance. While this appropriation is excluded from the property tax cap, this bill is intended to allow scarce funds to be used for other purposes of the county or municipality. Contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

LABOR

Assembly Labor Committee

Thumbs downPaid Sick Leave - A-2354 (Lampitt/D-6; Mukherji/D-33): For discussion only. Requires employers to provide earned sick leave to each employee it employs in the State. This issue has historically been a negotiated item between the employer and the employee. Mandated sick leave would take that away and impose a one-size-fits-all standard. Mandates that impact an employer's fiscal bottom-line will lead to difficult choices, such as scaling back the hours of current employees or not hiring additional employees. Contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

TAXATION

Assembly Commerce and Economic Development Committee

Thumbs downTargets Inverted Business Entities - A-3624/ A-3681 (Watson Coleman/D-15; Singleton/D-7; Schaer/D-36; Gusciora/D-15; Lagana/D-38): Assembly committee passed; second referenced to Assembly Appropriations Committee. Prohibits the awarding of State contracts and development subsidies to inverted domestic corporations. This measure, which prohibits inverted companies from bidding on state contracts and applying for economic development incentives, will hurt New Jersey's competitive advantage and future job creation. The incentives are designed to grow jobs for New Jersey residents and provide additional ratables to the State and to municipalities. Inverted businesses should not be cut off from incentives that assist in job creation. Contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it


Assembly Commerce and Economic Development Committee A-3624/ A-3681 Vote: Johnson, Gordon M. (C) - Yes; Caride, Marlene (VC) - Yes; Benson, Daniel R. - Yes; Bucco, Anthony M. - No; DeCroce, BettyLou - No; Mosquera, Gabriela M. - Yes; Mukherji, Raj - Yes; Munoz, Nancy F. - No; Oliver, Sheila Y. - Yes; Pintor Marin, Eliana - Yes



Thumbs up and down indicates the chamber's support or opposition to issues. Call the State Chamber Government Relations Department at (609) 989-7888 with questions or comments.