Jan 21

Biden Announces New COVID-19 Vaccination Plan

Posted on January 21, 2021 at 10:41 AM by Legislative Staff

On January 15 then President-elect Joe Biden announced a plan to accelerate COVID-19 vaccinations. The topline takeaways include:
  • Get More People Vaccinated
  • Create More Vaccination Sites
  • Increase Supply and Get It Out the Door as Quickly as Possible
  • Mobilize More Personnel to Get Shots in Arms
  • Ensure the American People Have the Information and Confidence They Need to Get Vaccinated

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Jan 14

League Urges Legislature to Act in Response to Federal Court Decision

Posted on January 14, 2021 at 4:04 PM by Legislative Staff

On December 30, 2020, the United States District Court for the District of New Jersey issued a ruling inRosedale and Rosehill Cemetery Association v. Twp. of Readington.  This matter involved a challenge of the Readington Township municipal governing body’s denial of an application to construct a large cemetery in Readington Township.  The Township’s denial was authorized under the New Jersey Cemetery Act (N.J.S.A. 45:27-25, et seq), which, among other things, grants a municipality the power to consent to the establishment or enlargement of cemeteries within its borders.  The gravamen of the Plaintiff’s challenge was that Act is unconstitutional because it was void for vagueness.     

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Jan 07

NJ Economic Recovery Act of 2020: New Jersey Innovation Evergreen Act (Sections 20-34 of A-4)

Posted on January 7, 2021 at 4:54 PM by Legislative Staff

The "New Jersey Innovation Evergreen Act" auctions tax credits for cash that will be used to invest in innovation as a catalyst for economic growth and advance the competitiveness of the State’s businesses in the global economy. The Economic Development Authority (EDA) must auction up to $300 million in tax credits in annual amounts not to exceed the limitations established by this bill.

Some pertinent terms defined in the bill include:

Follow-on investment” A subsequent investment made by an investor who has a previous investment in a New Jersey high-growth business.

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