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Bill > S866
NJ S866
NJ S866Suspends fines for certain first-time paperwork violations committed by small businesses.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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 an entity that employs 50 or fewer full-time employees and qualifies as a small business concern under the federal Small Business Act. The bill outlines specific exceptions where fines would not be suspended, such as if the violation has the potential to cause serious public harm or is related to tax collection. The bill also allows state agencies or regulatory authorities to provide a 24-hour grace period for small businesses to correct violations that are deemed a public safety risk, based on the nature and circumstances of the violation.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S866 |
BillText | https://pub.njleg.gov/Bills/2024/S1000/866_I1.HTM |
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