LEGISLATIVE FISCAL ESTIMATE

[First Reprint]

ASSEMBLY, No. 5422

STATE OF NEW JERSEY

221st LEGISLATURE

 

DATED: DECEMBER 24, 2025

 

 

SUMMARY

 

Synopsis:

Allows businesses to receive information via email concerning new regulations and economic incentives that affect business.

 

Type of Impact:

Annual State expenditure savings.

Agencies Affected:

Department of the Treasury; Department of Labor and Workforce Development; New Jersey Economic Development Authority; or any other State government agency that sends official and authoritative notices with the electronic addresses.

 

 

Office of Legislative Services Estimate

Fiscal Impact

 

Annual

 

 

State Expenditure Savings

 

Indeterminate

 

 

 

 

 

 

·         The Office of Legislative Services (OLS) finds that the bill may result in cost savings to the Division of Revenue and Enterprise Services and the Division of Taxation in the Department of the Treasury, the Department of Labor and Workforce Development, the New Jersey Economic Development Authority, and any other State government agency that sends official and authoritative notices using electronic addresses. These savings result from businesses receiving electronic notifications for certain disclosures and announcements rather than receiving notices by paper or other forms of communication.

·         While there will be modest costs to establish the electronic distribution process and to manage the electronic address data, the OLS estimates that these costs will be more than offset by the savings from reduced printing and mailing costs.

BILL DESCRIPTION

 

     This bill provides businesses required to comply with any business registration requirement of the Division of Revenue and Enterprise Service in the Department of the Treasury or any successor agency the option to register for a computer-based service for the purpose of receiving official and authoritative notifications electronically from State agencies capable of sending the notifications.

     A business that accepts electronic notification under the bill will no longer receive paper versions of official and authoritative notifications from the agencies receiving contact information from the division but is to maintain postal mailing addresses in accordance with other statutory requirements.  Nothing in the bill is to be construed to supersede or modify any statutory requirement that a notice be sent by postal mail or certified mail, where that method is expressly required by law.

     The Division of Revenue and Enterprise Services is to provide the electronic addresses and other contact information to certain other State agencies that send official and authoritative notices to allow for the implementation of the provisions of the bill.  The business is authorized to make a request to the Division of Revenue and Enterprise Services for a cessation of electronic notification.  If that request is made, the division is to notify the other State agencies of the request.

 

 

FISCAL ANALYSIS

 

EXECUTIVE BRANCH

 

      None received.

 

OFFICE OF LEGISLATIVE SERVICES

 

      The OLS finds that the bill may result in cost savings to the Division of Revenue and Enterprise Services and the Division of Taxation in the Department of the Treasury, the Department of Labor and Workforce Development, the New Jersey Economic Development Authority, and any other State government agency that sends official and authoritative notices using electronic addresses.  The bill provides a business with the opportunity to receive electronic notifications concerning new statutory and regulatory requirements and economic incentives affecting industries in which the business operates.

      To the extent that businesses opt to receive electronic notification on statutory and regulatory requirements, the affected government agencies will save the costs of printing and mailing required by the existing process.  While there will be modest costs to establish the electronic distribution process and to manage the email address data, the OLS estimates that these costs will be more than offset by the savings from reduced printing and mailing costs.

      There are no data available on the proportion of businesses that will opt into the new process or the total spending on the existing manual process.  In light of these factors, the OLS is unable to accurately forecast the potential cost savings that will result from the bill.

 

 

Section:

Commerce, Labor and Industry

Analyst:

John Gaudioso

Associate Fiscal Analyst

Approved:

Thomas Koenig

Legislative Budget and Finance Officer

 

 

This legislative fiscal estimate has been produced by the Office of Legislative Services due to the failure of the Executive Branch to respond to our request for a fiscal note.

 

This fiscal estimate has been prepared pursuant to P.L.1980, c.67 (C.52:13B-6 et seq.).