On behalf of our member companies that make NJBIA the largest, most impactful association representing job creators in New Jersey, I write to you today regarding A-4096 and respectfully request that the Committee consider an amendment to modify the bill's reporting requirements from semi-annual reporting to annual reporting.
As currently drafted, A-4096 requires covered entities to submit reports twice per year. While the information collected under these reporting requirements may provide policymakers with useful data, requiring submissions every six months creates an unnecessary administrative burden, particularly for smaller businesses that often have limited compliance and administrative resources.
Our proposed amendment would not alter the content, scope, or substance of the information being reported. Rather, it would simply adjust the reporting schedule to require annual submissions instead of semi-annual submissions. This change would continue to provide policymakers and regulators with the same information while establishing a more practical compliance framework for affected entities.
For many businesses, especially small employers, regulatory reporting obligations are managed by employees who are responsible for multiple operational functions. Reducing the reporting frequency to once per year would help alleviate administrative costs and compliance burdens without diminishing the value of the data collected. In fact, annual reporting schedules are commonly utilized across numerous regulatory programs and often provide a sufficient timeframe to collect, verify, and submit accurate information.
This amendment represents a reasonable balance between the bill's reporting objectives and the practical realities faced by businesses that must comply with its requirements. By moving to annual reporting, the Committee can maintain transparency and oversight while helping ensure that compliance obligations remain manageable for employers of all sizes.
We respectfully request that the Committee adopt this amendment as it considers A-4096. Thank you for your time and consideration.
