New Jersey Governor Vetoes 14 Bills: Internet Gambling Spared?
New Jersey Governor Chris Christie pulled out his veto pen heading into this week, blocking 14 pieces of legislation. As of press time, a measure to legalize Internet gambling was not among those bills vetoed but he has until this Thursday to do so, otherwise, the bill becomes law.
The bill in question was proposed by State Senator Raymond Lesniak and would legalize online gambling, including poker, for the state's nearly 9 million residents.
These bills would reduce revenues by at least $600 million in the first year and billions of dollars over time, without providing a single funding source or corresponding budget reduction to pay for them.
The bills vetoed are as follows:
A3596/S2556 (Oliver, Wilson, Watson Coleman, Spencer/Cunningham) *Authorizes local public contract set-aside program for employers who hire former prisoners
S1216/A3589 (Weinberg, Greenstein/Watson Coleman, Mainor, Giblin, Evans, Johnson) *Permits small, women or minority owned businesses located in designated regional centers to qualify for loans from EDA as if located in designated urban center
S1540/A3535 (Buono, Oroho/Greenwald, Barnes, Johnson, Pou, McHose, Webber, Moriarty) *Consolidates certain business-related categories of gross income and provides 20 year carry forward of certain net losses under gross income tax
S2345/A3398 (Sweeney, Madden. Greenstein/Riley, Burzichelli, Johnson, Moriarty) *Expands gross income tax exclusion for pensions, annuities and other retirement income for certain taxpayers
S2373/A3418 (Vitale, Whelan/Coughlin, Lampitt, Tucker, Rodriquez) *Allows corporation business tax credit and gross income tax credit for certain wages paid to qualified interns in tax years 2012 and 2013
S2394/A3531 (Sarlo/Burzichelli, Wagner, Vainieri Huttle) *Dedicates revenues derived from certain sales and use subject to sales and use tax to provide enhanced incentives for breeding and development of certain racehorses in this State
S2454/A3592 (Madden, Sarlo/Quijano, Schaer, Albano, DeAngelo, Gusciora) *”New Jersey Angel Investor Tax Credit Act;” provides credits against corporation business and gross income taxes for investing in New Jersey emerging technology businesses
A1676/S1646 (Greenwald, Milam, Spencer, Chiusano, Pou, Webber/Oroho, Sweeney) *Provides single sales fraction for corporation business tax income allocation formula and establishes airline-specific sales fraction
A1851/S659 (Gusciora, Jasey, Greenstein, Spencer, DeAngelo, Wisniewski/Buono, Turner) *”Historic Property Reinvestment Act”; provides credits against certain taxes for certain costs of rehabilitating historic properties*
A2215/SCS for S2558, 2567 (McKeon, Chivukula, Pou, Conaway, Barnes/B. Smith, Sarlo, Beach) *Permits developer to qualify for low-interest loan from EDA when building a high performance green building
A3353/S2545 (Coutinho, Watson Coleman, Fuentes, Lampitt, Quijano/Madden, Girgenti, Sarlo) *Establishes a closing fund to provide financial resources for certain economic development projects
A3513/S2544 (Oliver, Greenwald, Voss, Jasey, Wagner, Lampitt, Watson Coleman/Vitale, Weinberg) *Establishes the Workforce Shortage Loan Redemption Program
A3584/S2496 (Oliver, Cryan, Moriarty, Green, Watson Coleman. Ramos/Greenstein, Gordon) *Creates “Back to Work NJ Program”; makes an appropriation
S690/A2905 (Sarlo, T. Kean/Coutinho, Quijano, Coughlin, Greenwald, Moriarty) *”Garden State Film and Digital Media Jobs Act”; expands existing film and digital media production tax credit programs
