New Jersey's 24th Legislative District

Senator Steven Oroho

Senator Anthony Bucco
Senator Steve Oroho

Oroho/Bucco/Sarlo/Singleton Bill Would Help Small Businesses & Partnerships Preserve Tax Deductibility

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Legislation authored by Senators Paul Sarlo (D-Bergen), Steve Oroho (R-Sussex), Anthony Bucco (R-Morris), and Troy Singleton (D-Burlington) that will preserve the federal deductibility of an estimated $23 billion in state income taxes for small businesses and partnerships has passed the State Senate.

Bipartisan legislation sponsored by Sens. Oroho, Sarlo, Bucco and Singleton will preserve the federal deductibility of an estimated $23 billion in state income taxes for small businesses and partnerships. (SenateNJ.com)

The bill is a product of the Economic and Fiscal Policy Workgroup, the blue-ribbon study group that made recommendations to improve New Jersey’s fiscal practices and economic strength. The legislation is part of the “Path To Progress” initiative.

“This legislation will save hundreds of millions of dollars for the many New Jersey small businesses that are registered as S Corporations and pay their corporate taxes through the state income tax, as well as all of the law firms, medical groups, accounting practices and other partnerships that were created as LLCs,” said Senator Oroho, who is a Certified Financial Planner. “This plan works because the federal tax plan allows businesses to continue to deduct all of their taxes.”
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Senator Anthony Bucco
Senator Steve Oroho

Senate Passes Bucco/Oroho/Singleton Bill to Let NJ Businesses Challenge State Regulations

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New Jersey business owners would finally have the ability to push back against State regulations, under bipartisan legislation sponsored by Senators Anthony Bucco, Steven Oroho, and Troy Singleton. The bill, S-2345, passed the State Senate today.

Bipartisan legislation by Sens. Anthony Bucco, Steven Oroho, and Troy Singleton giving New Jersey business owners the ability to push back against State regulations has passed the New Jersey Senate. (SenateNJ.com)

“We have seen a  mass exodus of small business owners in recent years, and many are leaving because of red tape,” Senator Bucco said. “Every business owner should have the opportunity to fight back against rules and regulations that keep them from growing a business here. The New Jersey Regulatory Flexibility Act is a great tool. I hope that this legislation will encourage business owners to speak out and help us cut red tape, so they can stay and prosper in New Jersey.”

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Senator Anthony Bucco
Senator Steve Oroho

Sarlo, Oroho, Bucco, Singleton Bill Would Help Small Businesses & Partnerships Preserve Tax Deductibility

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Plan is ‘IRS-proof’ because it returns tax law to entity-level payment system

Legislation authored by Senators Paul Sarlo, Steven Oroho , Anthony Bucco, and Troy Singleton that will preserve the federal deductibility of an estimated $23 billion in state income taxes for small businesses and partnerships was approved by a Senate committee today.

Sens. Paul Sarlo, Steven Oroho, Anthony Bucco, and Troy Singleton’s bill will preserve the federal deductibility of an estimated $23 billion in state income taxes for small businesses and partnerships. (SenateNJ.com)

The legislation, S-3246, will amend New Jersey’s state tax code to the system that was in place prior to 1993 under which S corporations, Limited Liability Corporations (LLC’s) and other business partnerships directly paid the state income tax liability of their owners and partners. Entitled the “Pass-Through Business Alternative Income Tax Act,” the bill would establish an elective entity-level tax to be paid by pass-through businesses and would provide an offsetting credit to taxpayers who receive income from a pass-through business.

“This legislation will save hundreds of millions of dollars for the many New Jersey small businesses that are registered as S Corporations and pay their corporate taxes through the state income tax, as well as all of the law firms, medical groups, accounting practices and other partnerships that were created as LLCs,” said Senator Oroho, who is a Certified Financial Planner. “This plan works because the federal tax plan allows businesses to continue to deduct all of their taxes.”

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Senator Steve Oroho

After Gruesome Colts Neck Murders, District 24 Lawmakers Echo Prosecutor On Death Penalty

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In the wake of the tragic murder of a Colts Neck family, Senator Steven Oroho and Assemblymen Parker Space and Harold Wirths (all R-24) are calling for action on their legislation to reinstate the death penalty for certain crimes.

District 24 lawmakers call for action on their legislation to reinstate the death penalty in New Jersey, in light of the gruesome murder of a family in Colts Neck. (©iStock)

On Tues., Nov. 20, Paul Caneiro allegedly killed his brother, Keith Caneiro, in front of Keith’s home in Colts Neck, according to Eyewitness News. After he allegedly killed his brother, Paul Caneiro went on to allegedly kill Keith’s wife, Jennifer, and their two children. Paul Caneiro then allegedly set fire to his brother’s home, with the victims inside.

“The Colts Neck murderer deserves nothing less than the death penalty,” Sen. Steven Oroho said. “We can no longer ignore the public calls for action in gruesome cases like these. In 1992, New Jersey voters overwhelming enshrined the death penalty into the state constitution. However, Democrats overruled the will of the voters by banning the death penalty in 2007. Eliminating capital punishment has placed countless residents at risk. The horrible truth is that unless killers know the death penalty is on the table, there are monsters out there that will kill. In order to keep the public safe, we must reinstate the death penalty.”

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Senator Anthony Bucco
Senator Steve Oroho

Bucco/Oroho/Singleton Bill to Give Small Business Owners the Power to Cut Red Tape Passes Committee

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Bipartisan bill would allow employers to challenge State Regulations that make it difficult to run a business in NJ

The Senate Budget Committee has passed bipartisan legislation sponsored by Senators Anthony Bucco, Steven Oroho, and Troy Singleton that would cut red tape for small businesses.

S-2345 would expand the scope of the existing New Jersey Regulatory Flexibility Act.

Bipartisan bill would allow employers to challenge State Regulations that make it difficult to run a business in New Jersey. (SenateNJ)

“Statewide small business owners face so many unnecessary bureaucratic hurdles. There is no denying that red tape is forcing job creators to leave New Jersey,” Sen. Anthony Bucco (R-Morris and Somerset) said. “This legislation would allow employers to have greater control of their destiny, making government less burdensome, and the economy more competitive.”

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Senator Steve Oroho
Senator Tom Kean

Kean & Oroho: First Amazon, Now Google. How Many Opportunities Will NJ Miss Before We Take Action?

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Senate Republicans Call for Changes to Business Tax Policies in Wake of NYC Google Expansion Announcement

In light of yesterday’s Wall Street Journal report detailing Google’s plans to add 12,000 new jobs in New York City, Senate Republicans Tom Kean and Steven Oroho said that the expansion would cost New Jersey thousands of  jobs and hundreds of millions of dollars in lost tax revenue.

Senate Republicans Tom Kean and Steven Oroho are calling for action following reports of Google’s plans to add 12,000 new jobs in New York City, which the senators said will cost New Jersey thousands of jobs and hundreds of millions of dollars in lost tax revenue. (WikiCommons)

“Given our state’s bad-for-business policies, it wasn’t a surprise that Amazon chose Long Island City over New Jersey, but the news of Google’s decision to expand to New York City is just as bad,” Senator Oroho said. “Many of these new Google employees will most likely choose to raise families in New Jersey, while paying income taxes in New York. That means we will lose out on the high-paying jobs that could have been created here, and the tax revenue we need to fund our schools.”

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Senator Steve Oroho

Oroho: Murphy Misses Unintended Consequences of Forced Minimum Wage Increases

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Says Federal Tax Reforms Show the Right Way to Boost Pay

Senator Steven Oroho said that Governor Phil Murphy did not acknowledge the full impact of raising the minimum wage in a statement he issued today praising Amazon for lifting the pay of its U.S. employees to a minimum of $15/hour.

Sen. Steven Oroho said that Gov. Phil Murphy has not acknowledged that raising the minimum wage is likely to result in hourly workers losing other forms of compensation, including health benefits and performance incentives. (Pixabay)

“I am sure the Governor realizes that many hourly employees at businesses both large and small receive benefits, including health insurance, stock awards, and bonuses, that make the total value of their compensation much higher than just their hourly wage,” said Oroho (R-24). “While Governor Murphy is praising Amazon for increasing the wage portion of their employees’ compensation, he appears to ignore the fact that the company is eliminating other benefits at the same time to cover those increased wage costs. If other employers are forced by New Jersey elected officials to increase the wages they pay, they almost certainly will follow the example set by Amazon and reduce or eliminate other benefits like health insurance or bonuses to keep their labor costs from exploding.”

Amazon has confirmed that it is eliminating incentive-based monthly bonuses and restricted stock unit awards for hourly workers to coincide with their internal wage increase.

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Senator Steve Oroho

Senate Passes Oroho, Van Drew Resolution Recognizing the 100th Anniversary of the NJ Farm Bureau

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A Senate Concurrent Resolution sponsored by Senator Steve Oroho and Senator Jeff Van Drew that would recognize the 100th anniversary of the New Jersey Farm Bureau was passed by the full Senate today.

Bipartisan legislation sponsored by Sen. Steve Oroho and Senator Jeff Van Drew would recognize the 100th anniversary of the New Jersey Farm Bureau. (SenateNJ.com)

“We wouldn’t rightly be known as the Garden State without the 12,000 family farms that call New Jersey home,” said Senator Oroho (R-Morris/Sussex/Warren). “As the largest advocacy agriculture organization in the state, the Farm Bureau has fought tirelessly to protect and empower small farmers. On this centennial anniversary, we look back and recognize the important work of the Farm Bureau in preserving open space and promoting all that our farmers bring to the table. I like to say that we must do all we can to help keep the farmer on the farm, and the Farm Bureau certainly leads the way. This resolution is a wonderful way to express our gratitude and honor that tremendous legacy.”

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Senator Steve Oroho

Senate Approves Oroho Bill Package to Support NJ Agriculture Industry

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The New Jersey Senate has approved two pieces of bipartisan legislation sponsored Senator Steven Oroho (R-24) that would support small businesses by establishing “food hub” opportunities for local farmers and promoting farm-to-table businesses Statewide.

Sen. Steven Oroho’s bill would support small businesses by establishing “food hub” opportunities for local farmers and promoting farm-to-table businesses Statewide. (SenateNJ.com)

The first bill, S-1953, would direct the Department of Agriculture to authorize and advise “Food Hubs,” which are businesses or organizations that actively manage the distribution and marketing of locally-made food products.

“Many small farms lack the tools to compete in a global agriculture economy,” Oroho stated. “One of the main constraints on New Jersey family farms is the absence of systems that move local produce into the mainstream market. The agriculture industry must become more innovative. A ‘food hub’ is designed around a multi-farm program that allows farmers to directly reach a greater number of consumers. By creating hubs, we can ensure our farmers remain on the pathway to success.”

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Senator Steve Oroho

Oroho, Space School Bus Gas Tax Exemption Bill to the Governor

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School buses may soon be exempt from the state’s gas tax under legislation state Sen. Steven Oroho and Assemblyman Parker Space sponsor. The bill was approved today by the Assembly and now heads to the governor.

Sen. Steven Oroho and Assemblyman Parker Space sponsored legislation that would exempt school buses from the state’s gas tax.  (SenateNJ.com)

“We’re now able to shift much more of the burden of paying for local transportation improvements from property taxpayers to the state,” said Oroho (R-Sussex). “Local officials can now undertake critical road and bridge repair projects without burdening property taxpayers with the full cost. This bill is another step forward in the right direction.”

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