Assembly Commerce and Economic Development Committee Statement to Assembly, No. 2226 (October 21, 2020)

Summary

Statement of the Assembly Commerce and Economic Development Committee, State of New Jersey, dated October 21, 2020, reporting favorably Assembly Bill No. 2226. The bill would suspend fines against small businesses for certain minor first-time paperwork violations, defining a small business as one employing 50 full-time employees or fewer that qualifies as a small business concern under the federal "Small Business Act." A fine would not be suspended if, among other conditions, the violation could cause serious harm to the public interest, concerns a tax, or was not corrected within six months of notification. A State agency may still suspend a fine for a violation that presents a danger to public safety if it is corrected within 24 hours after notification.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

ASSEMBLY,
No. 2226

STATE
OF NEW JERSEY

DATED: OCTOBER
21, 2020

The Assembly Commerce and Economic Development Committee
reports favorably Assembly Bill No. 2226.

This bill would suspend the assessment of fines
against small businesses for certain minor first-time paperwork violations.
Under the bill, a small business is defined as 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 was pre-filed for introduction in the 2020-2021
session pending technical review. As reported, the bill includes the changes
required by technical review, which has been performed.

File and source

File

2020-10-21_ACE_A2226_S1.htm

Size

8,175 bytes

SHA-256

c3667e8fdef3790d0f0f6a1c0535f38b40958aeb2999e7074526afc276c5a00e

Our copy

2020-10-21_ACE_A2226_S1.htm

Original

No public link identified.