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Bill > S2347


NJ S2347

NJ S2347
Suspends fines for certain first-time paperwork violations committed by small businesses.


summary

Introduced
04/05/2018
In Committee
11/14/2019
Crossed Over
Passed
Dead
01/08/2020

Introduced Session

2018-2019 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." However, the first-time suspension of fines would not apply if: (1) the violation has the potential to cause serious harm to the public interest; (2) failure to impose a fine or penalty would impede or interfere with the detection of criminal activity; (3) the violation concerns the assessment or collection of any tax, debt, revenue, or receipt; (4) the violation was not corrected within six months of the date on which the small business received notification of the violation in writing from the agency or authority; or (5) 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 similar to certain provisions of a bill pending in the 115th Congress, S584, the Small Business Regulatory Flexibility Improvements Act, providing 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 first-time suspension of fines would not apply if the violation has the potential to cause serious harm to the public, would impede the detection of criminal activity, concerns the assessment or collection of taxes/revenue, was not corrected within six months, or presents a danger to public safety. However, the agency or authority may still suspend the fine if the violation presenting a public safety danger is corrected within 24 hours, considering factors such as the seriousness of the violation and the business's good-faith efforts to comply.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (3)

Last Action

Referred to Senate Budget and Appropriations Committee (on 11/14/2019)

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