TRENTON, N.J. – Small businesses can escape costly fines for first-time filing mistakes under legislation that passed the Assembly today. Sponsored by Assemblymen Ron Dancer and Anthony Bucco, the bill (A1677) suspends fines for inconsequential paperwork procedure violations.
“The state has an unfriendly business environment, and small employers are struggling every day to survive,” said Dancer (R-Ocean). “There’s no need to clobber them with fines for technical errors that don’t harm anyone. New Jersey should focus on growing the economy, not punishing job creators for honest mistakes.”
Fines will not be suspended if the violation harms the general public; interferes with the detection of criminal activity; impacts the collection of a tax, debt or revenue; or if it is not corrected within six months.
“The cost of doing business in New Jersey is high enough,” said Bucco (R-Morris). “The last thing small businesses need is to be burdened with penalties for petty errors. Eliminating another burdensome regulation is always a positive step.”
Small businesses employ more than 1.7 million people in New Jersey.