When it comes to reducing the threat of climate change, wow you get there, when can you get there, and at what cost, are the central questions the New Jersey Department of Environmental Protection (DEP) is trying to answer. Sept. 3 it held its second stakeholder meeting as it develops regulations for PACT (“Protecting Against […]
Cap Memo
Tax on Health Insurance Plans Proposed
Businesses in New Jersey could face higher health insurance premiums under legislation introduced July 6 that would impose a new state tax on fully insured health insurance premiums. NJBIA opposes the bill. S-2676 (Vitale, D-19)/A-4389 (McKeon, D-27), would impose a new 2.75% state excise tax on fully-insured health insurance premiums for health benefits plans, MEWAs and […]
Liability Protection Bills Introduced
Legislation has been introduced to grant businesses and other organizations general immunity from lawsuits claiming someone contracted COVID-19 at their facilities if proper steps were taken to prevent the spread of the virus. With New Jersey in Stage 2 of its reopening plan, legal liabilities for schools, nonprofits, businesses and any other institutions is a […]
Burdensome Bill Would Shut Down Economic Opportunities in Urban Areas
Efforts to achieve what proponents call environmental justice are well intentioned, but a bill that attempts to further New Jersey’s progress in solving challenges is so broad and overreaching that half of the state would be denied economic growth opportunities. NJBIA’s Ray Cantor breaks down what’s wrong with the measure and how to fix it […]
3-month Spending Plan with ‘Painful’ Cuts Clears First Hurdle
The first draft of the state’s 3-month budget would make significant cuts to the state’s current spending plan, according to an article by New Jersey Advanced Media’s Samantha Marcus. But are those cuts deep enough given the historic drop in economic activity and the corresponding loss of revenues due to the pandemic? Marcus writes, “Testifying […]