Archive for Tag: business

Flynn bill changing foreign investment rules for NJ insurers now law

TRENTON, N.J. – Assemblywoman Victoria Flynn’s bill increasing the competitive advantage of New Jersey-based insurance companies while potentially reducing policy costs for Garden State residents was signed into law Monday.  The law (A4785/S3409), which takes effect immediately, allows for higher foreign investment limitations, which gives New Jersey insurance companies...

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Flynn bill allowing more debt adjusters to operate in New Jersey advances in Assembly

TRENTON, N.J. – New Jersey may soon fall in line with the majority of states by making for-profit debt adjusters eligible to receive licenses to operate. Assemblywoman Victoria Flynn’s bill amending the law that limits debt adjuster licenses to nonprofit agencies passed the Assembly State and Local Government Committee...

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Flynn bill changing foreign investment rules for NJ insurers passes Assembly

TRENTON, N.J. – Legislation authored by Assemblywoman Victoria Flynn increasing the competitive advantage of New Jersey-based insurance companies nationally while potentially reducing policy costs for Garden State residents, passed the Assembly on Thursday.  Flynn’s bill (A4785/S3409) would allow for higher foreign investment limitations, thus allowing New Jersey insurance companies...

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DePhillips introduces bill to boost state’s angel investor tax credit program again

TRENTON, N.J. – In 2019, Assemblyman Christopher DePhillips sponsored legislation that successfully doubled the angel investor tax credit. Noting increased competition from neighboring states and a lagging economy, he introduced a bill Tuesday to increase the tax credit again. DePhillips’ bill (A5056) increases the tax credit for investments in...

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Umba bill that would expand apprenticeship opportunities for NJ youth passes Assembly

TRENTON, N.J. – Businesses struggling to find highly qualified workers may benefit from pre-apprenticeship programs, says Assemblyman Brandon Umba. Umba’s bill (S525/A280) that would allocate funds for those programs passed the General Assembly Thursday. It now goes to the governor’s desk for signing. “Everyone is aware of the work shortages...

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Umba, Torrissi bill that expands authorized representatives at Department of Labor passes Assembly

TRENTON, N.J. – A bill that would allow authorized Department of Labor employees to give guidance to employers about possible overtime violations passed the Assembly Thursday. The bill is sponsored by Assemblymen Michael Torrissi and Brandon Umba. The bill (A281) is in response to Elmer Branch v. Cream-O-Land Dairy....

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