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More Regulations for NJ Businesses

By Joe Schilp

Joe Schilp

Joe Schilp

This past week, the New Jersey state Senate and Assembly both passed the “Opportunity to Compete Act,” which prohibits businesses with more than 14 employees from asking applicants to check a box to indicate whether they have been convicted of a crime.  Additionally, businesses would be prohibited from asking first-time interviewees if they’ve been convicted of a crime.

It has been reported that NJ Governor Chris Christie’s office worked with the legislators on the language of the bill; thus, Christie is expected to sign the bill into law.

New Jersey is already one of the least business-friendly states in the United States.  According to the Tax Foundation’s 2014 State Business Tax Climate Index, NJ was the 2nd least business-friendly state – based on over 100 criteria – and ranked at the bottom in income taxes, corporate taxes, sales tax and property tax.  And this ranking does not account for the Democrat-controlled legislature’s zeal to increase the “millionaire’s tax” that affects far more people making less than a million dollars a year than people making more than that.

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Posted: June 29th, 2014 | Author: | Filed under: Economy, NJ State Legislature, Opinion | Tags: , , , , | 6 Comments »