Legislative Update March 31, 2021
NJ Senate passed legislation A-4810/S-441 on 2/19/2021, but as of 3/30/21 its still waiting for Governor Murphy to sign it. It would establish the Government Efficiency and Regulatory Review (GEARR) Commission to identify inefficiencies and overly burdensome regulations that hurt businesses and stifle economic growth. “High taxes and excessive regulation increase the cost of doing business and have made New Jersey’s business climate the least competitive in the region said NJBIA VP of Government Affairs Christopher Emigholz. “The creation of the GEARR Commission is an easy way to at least correct the red tape and overregulation that is hurting our business climate without costing state government a cent.” NJWMA is part of a large coalition of NJ organizations and businesses that is led by NJBIA. We urge all our members to email the governor to sign this legislation. To email the governor, go to NJBIA here.
New Jersey has extended the income tax filing and payment deadline from April 15 to May 17, following a decision made days earlier by the federal Internal Revenue Service. Due to the current public health emergency and state of emergency, access to the interior of the State Capitol Complex remains closed. The public may not attend Committee meetings in person but may view and participate in the meetings via www.njleg.state.nj.us.
The Committees will take oral testimony on bills, by telephone and video. If you are interested in registering your position with the any of the below Committees, please fill out the Registration Form located on the New Jersey Legislature home page under the applicable Committee heading at www.njleg.state.nj.us Please check the page frequently as schedules may change.
Yesterday 3/30/21, the deadline to apply for a PPP loan was extended from March 31 to May 31, and the authorization of loans was extended to June 30 to give the US Small Business Administration additional time to process applications. Go here for sign up info:
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program
