Capitol Update: News From Trenton That Impacts Business in the Garden State
August 31st, 2018
The action is picking back up again in Trenton as the fall legislative calendar is about to shift into high gear. Last week, Gov. Murphy dealt with several bills that had been on his desk – some signed, some vetoed. Look below to see what happened with legislation that directly impacts the business community in New Jersey.
Bill Signed by Gov. Murphy
Murphy signed this bill, Securing Our Children’s Future Bond Act, which would authorize the bonding of $500 million for use in vocational-technical schools, county colleges, etc. Voters will decide whether to approve this bonding when they head to the polls in November.
Bills Vetoed by Gov. Murphy
Gov. Murphy vetoed a bill which would have added a five-cent fee to plastic bags. It’s believed that Murphy’s preference would be an outright ban on plastic bags.
This bill would have provided tax credits to qualified businesses at certain airports under the Grow NJ Assistance program. Gov. Murphy vetoed this bill over concerns with how effective these tax credits are in actually developing local economies.
This bill would provide for the collection of sales tax from certain remote sellers. Gov. Murphy vetoed it to help the Division of Taxation better administer the new law. He also wants tangible property as well as digital products and services included.
CIANJ is part of a business coalition dealing with a proposed bill restricting the use of non-compete agreements. Concerns include the impact the bill will have on business including future R&D projects, new investment, innovations and more. CIANJ will continue with the coalition to lessen any negative impact on the state’s business community.
Out-of-Network Billing Regulations Forthcoming: Feedback Requested
The Department of Banking and Insurance is seeking feedback concerning the implementation of the “Out-of-Network Consumer Protection Act.”
Please click here for more details.
This Act enhances consumer protections from surprise bills for inadvertent and emergency/urgent out-of-network health services. It will also make changes to New Jersey’s health care delivery system. If you would like to provide feedback to the Department of Banking and Insurance, please submit all comments by September 4, 2018 to [email protected].