Small business protection measure advances in New Jersey

| Friday, December 01, 2006

A New Jersey Senate panel has approved a bill that is intended to help small business owners in the state who believe their companies have been excessively burdened by state regulations.

The Senate Economic Growth Committee voted by unanimous consent Monday, Nov. 27, to advance a bill that would require state departments to study the effect of existing regulations on small businesses, including trucking operations. The bill, which already gained approval in the Assembly, now heads to the full Senate.

Departments also would be required to study the effect of any existing regulations before they are readopted. In New Jersey, most state regulations expire five years following implementation, and must be renewed, northjersey.com reported.

Sponsored by Assemblyman Guy Gregg, R-Sussex, the bill - A2327 - defines small businesses as those with fewer than 100 full-time employees or having gross annual sales of less than $6 million. It also sets out a process that allows small businesses to file a petition or appeal if they are "adversely affected economically" by regulations.

Gregg said excessive government regulation has hindered economic growth in the state.

"New Jersey has steadily grown to become one of the worst states in the nation to do business," Gregg said in a written statement. "Never-ending tax hikes and excessive regulation are definitely the cause of this frightening trend. We need to cut the red tape and get a grip on runaway regulatory measures."

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