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Client Alert: NJ Legislature Votes to End Some Fines on Small Businesses
June 12, 2019
Client Alert: NJ Legislature Votes to End Some Fines on Small Businesses

On June 10, 2019, the New Jersey State Assembly passed legislation, A-1677, which would suspend penalties for businesses that make certain paperwork violations of state laws. Under A-1677, a state agency or regulatory authority is generally required to suspend any administrative or civil penalty that would be assessed on businesses that employ fifty (50) or fewer employees and qualify as a small business under the federal “Small Business Act” for certain first-time paperwork violations.

However, penalties would not be suspended if the paperwork violation has the potential to cause serious harm, contribute to criminal activity, or involve tax collections. Additionally, penalties could also be assessed if the paperwork violation is not corrected within six (6) months.

Parker McCay will continue to monitor the status of the legislation. In the interim, please contact Parker McCay’s Corporate Department with any questions on how your business may benefit from the suspension of administrative fines and civil penalties under A-1677.  

The content of this post is for informational purposes only and should not be construed as legal advice or legal opinion. You should consult a lawyer concerning your specific situation and any specific legal question you may have.

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