Bill
Bill > A3045
NJ A3045
NJ A3045Removes residency requirement for certain veteran and disabled veteran-owned businesses.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill removes the requirement that the owner of a veteran or disabled veteran-owned business must be a New Jersey resident for the business to qualify as a veteran or disabled veteran-owned business. The change only applies to small and medium-sized businesses, as determined by the New Jersey Economic Development Authority. Under current law, to qualify and be certified as a veteran-owned or disabled veteran-owned business, 51 percent of the business, among other requirements, must be owned and controlled by persons who are a New Jersey resident and a veteran or disabled veteran. By removing the residency requirement, this will permit small and medium-sized veteran and disabled veteran-owned business owners residing in other states but with a business physically located in New Jersey to compete for New Jersey contracts. This will increase veteran and disabled veteran business opportunities in general and in particular within the State.
AI Summary
This bill removes the requirement that owners of certain veteran and disabled veteran-owned businesses must be residents of New Jersey to qualify for state contracts. Previously, to be certified as a veteran-owned or disabled veteran-owned business, at least 51% of the business had to be owned and controlled by New Jersey resident veterans or disabled veterans. This change specifically applies to small and medium-sized businesses, as defined by the New Jersey Economic Development Authority, which is an agency established to promote economic growth in the state. By eliminating the residency requirement for these businesses, the bill aims to expand opportunities for veteran and disabled veteran entrepreneurs, allowing those who reside in other states but have a physical business presence in New Jersey to compete for state contracts.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A3045 |
| BillText | https://pub.njleg.gov/Bills/2026/A3500/3045_I1.HTM |
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