Legislature moves to reinstate panel cutting government red tape
TRENTON Lawmakers are one vote away from sending a bill to Gov. Phil Murphy’s desk retooling the defunct Red Tape Review Commission for a progressive era.
The proposed Government Efficiency and Regulatory Review Commission, or GEARR, would be a nine-member panel that would evaluate proposed and adopted regulations, rules and executive orders to consider their economic impact and whether their benefits outweigh the burdens placed on business and government.
The bill, S441/A4810, was approved 72-1 by the Assembly in November and endorsed by the Senate State Government, Wagering, Tourism & Historic Preservation Committee on Thursday. That puts it in position to perhaps reach Murphy’s desk in two weeks, at the Senate’s Jan. 28 voting session.
by Kim Jarrett, The Center Square | January 14, 2021 10:30 AM Print this article
The Assembly Commerce and Economic Development Committee agreed to two bills Wednesday that look to establish a commission to study the impact of COVID-19 on New Jersey’s small businesses.
“Businesses throughout New Jersey have been forced to reduce their hours of operation, limit capacity, implement layoffs and ultimately face the prospect of permanent closure if they can no longer pay the bills,” said Assemblyman Bill Moen, D-Camden/Gloucester, one of the bill’s co-sponsors. “We need to understand the impact of this public health crisis in order to understand how to best help these businesses going forward.”
UpdatedThu, Dec 24, 2020 at 10:13 am ET
Replies(82)
(Jose F. Moreno, Staff Photographer / The Philadelphia Inquirer)
NEW JERSEY As businesses continue to struggle and many find it hard to make ends meet, Gov. Phil Murphy is set to sign a massive, $14 billion corporate tax-break bill into law that s supposed to give New Jersey a big boost amid the COVID-19 crisis.
The more than 100-page New Jersey Economic Recovery Act of 2020 introduced last Wednesday received criticism for its limited public testimony. But Murphy defended the proposal in Monday s coronavirus news conference, saying the bill would update economic-development incentive programs that expired more than a year ago.
New Jersey legislative committees advance tax incentive bill, to vote Monday by Kim Jarrett, The Center Square | December 21, 2020 01:00 PM Print this article
Just two days after New Jersey leaders announced an $11.5 billion tax incentive package, the bill passed out of Senate and Assembly committees and is headed to the full Legislature for a vote Monday.
The 219-page bill will renew tax incentives that have been dormant for 18 months. They bill include $50 million for main street businesses, a revival of the Evergreen Fund for venture capitalists and funding tax breaks for the film industry.
The New Jersey Business and Industry Association praised the plan but said they had some concerns. One is the inclusion of a prevailing wage for building service workers, which they say will increase costs for businesses.