NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Monday, May 3, 2010

Pennacchio Asks Senate President Sweeney to Post S-1854, UI Fund Reform Bill

S-1854 Will Prevent $1 Billion Business Tax Increase

Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, asked Senate President Sweeney to post legislation, S-1854, which would reform the state UI Fund to prevent a $ 1 billion tax increase that will take effect July 1, 2010. The bill and the letter are attached.

“There is great interest in both the Executive Branch and the Legislature in avoiding a $1 billion tax increase that will stop the frail economic recovery dead in its tracks,” Pennacchio stated.

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