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Bill > A2226


NJ A2226

NJ A2226
Suspends fines for certain first-time paperwork violations committed by small businesses.


summary

Introduced
01/14/2020
In Committee
10/26/2020
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill would suspend the assessment of fines against small businesses for certain minor first-time paperwork violations. Under the bill, a small business means a business entity that employs 50 full-time employees or fewer and qualifies as a small business concern as defined in the federal "Small Business Act." Under the bill, a fine would not be suspended if: · the violation has the potential to cause serious harm to the public interest; · failure to impose a fine or penalty would impede or interfere with the detection of criminal activity; · the violation concerns the assessment or collection of any tax, debt, revenue, or receipt; · the violation was not corrected within six months of the date the small business received notification of the violation; or · except as provided below, the violation presents a danger to public safety. If a State agency or regulatory authority determines that the violation presents a danger to the public safety, the agency or regulatory authority may nevertheless suspend the assessment of a fine under certain circumstances if the violation is corrected within 24 hours after notification to the business of the violation. This bill is based upon a federal bill that was sponsored in the 114th United States Congress, introduced on January 7, 2015. The federal bill provided for the suspension of fines under certain circumstances for first-time paperwork violations by small businesses.

AI Summary

This bill would suspend the assessment of fines against small businesses for certain minor first-time paperwork violations. A small business is defined as a business entity with 50 or fewer full-time employees that qualifies as a small business concern under the federal Small Business Act. The bill provides exceptions where fines would not be suspended, such as if the violation has the potential to cause serious harm to the public interest, interferes with the detection of criminal activity, or concerns tax collection. The bill also allows a state agency or regulatory authority to determine if a violation presents a danger to public safety and, in certain circumstances, give the small business 24 hours to correct the violation before imposing a fine.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (23)

Last Action

Assembly Appropriations Hearing (19:00 10/26/2020 The public may not attend the Committee meeting in person but ma) (on 10/26/2020)

bill text


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