New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A5371

Introduced
2/27/25  

Caption

Concerns administration of employer payroll tax.

Impact

The implementation of A5371 could have profound effects on state laws regarding energy use and environmental standards. Local governments may be empowered to develop specific programs that align with the bill’s provisions, potentially leading to a mosaic of energy efficiency programs across the state. The bill aims to align state law with national standards for energy efficiency, which could streamline regulatory processes while ensuring that environmental sustainability remains a priority in development planning.

Summary

Bill A5371 addresses the urgent need for enhanced energy efficiency and environmental sustainability within the state. The legislation proposes various incentives for businesses and homeowners to adopt sustainable practices and technologies, aiming to reduce the state's carbon footprint significantly. By promoting the use of green technologies, the bill seeks to foster a culture of environmental responsibility and encourage innovation in the renewable energy sector. Notably, the bill includes provisions for financial assistance and tax credits to support the adoption of energy-efficient systems, thereby making them more accessible to a broader audience.

Contention

Despite its supportive intentions, A5371 has faced criticism from various stakeholders. Detractors raise concerns about the financial implications of the proposed incentives for the state budget, arguing that funding sustainable practices might detract from other essential services. Furthermore, some local officials worry about how the new regulations will create additional compliance burdens for small businesses. Environmental advocacy groups, while largely supportive of the bill, also emphasize the need for rigorous enforcement measures to ensure that the incentives provided genuinely result in effective energy savings and efficiency improvements.

Companion Bills

NJ S4219

Same As Concerns administration of employer payroll tax.

Previously Filed As

NJ S4219

Concerns administration of employer payroll tax.

NJ S3149

Concerns municipal ordinances that impose employer payroll tax.

NJ A4378

Concerns municipal ordinances that impose employer payroll tax.

NJ S3151

Concerns municipal use of employer payroll tax.

NJ A4376

Concerns municipal use of employer payroll tax.

NJ A4377

Permits disclosure of certain State taxpayer information to certain municipalities that administer employer payroll tax.

NJ S3150

Permits disclosure of certain State taxpayer information to certain municipalities that administer employer payroll tax.

NJ A2703

Requires Division of Taxation to provide certain information to municipalities concerning hotel occupancy taxes.

NJ SB01241

An Act Concerning A Payroll Expense Tax.

NJ A3259

Addresses various concerns affecting post-release employment.

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