New Jersey A 4116: Provides alternate standard for involuntary commitment to treatment in outpatient setting.

Bill Text

A4116 

ASSEMBLY, No. 4116 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

INTRODUCED FEBRUARY 19, 2026

Sponsored by:

Assemblywoman� CAROL A. MURPHY

District 7 (Burlington)

SYNOPSIS

���� Establishes a manufacturing reinvestment account 
program to incentivize capital investment and workforce training in New Jersey 
with income tax rate reductions, deferrals, and accelerated deductions. 

CURRENT VERSION OF TEXT 

���� As introduced.

�� 

An Act establishing a manufacturing reinvestment 
account program, supplementing Title 54 of the Revised Statutes and Title 54A 
of the New Jersey Statutes.

���� Be It 
Enacted by the Senate and General Assembly of 
the State of New Jersey:

���� 1.��� a.� A qualified 
manufacturer shall be allowed to deduct against entire net income for the 
privilege period the amount contributed to a manufacturing reinvestment account 
in the privilege period.� The deduction allowed pursuant to this subsection for 
a privilege period shall not exceed $100,000.� Amounts contributed and deducted 
pursuant to this subsection shall not be eligible for deduction or 
capitalization upon disposition in a qualified reinvestment expenditure or 
otherwise.

���� b.��� (1)� To the extent not 
distributed from a manufacturing reinvestment account in the privilege period, 
a qualified manufacturer�s entire net income shall not include earnings on a 
manufacturing reinvestment account contribution or accrued deposit.

���� (2)�� To the extent 
distributed and used for a qualified reinvestment expenditure in the privilege 
period, deposits shall not be treated as entire net income, and earnings from a 
manufacturing reinvestment account shall be included in entire net income, but 
the earnings shall be subject to one-half of the rate of tax imposed pursuant 
to section 5 of P.L.1945, c.162 (C.54:10A-5), except that this rate reduction 
shall not apply to the computation of minimum tax due.� All other distributions 
of deposits and earnings from a manufacturing reinvestment account shall be 
included in a qualified manufacturer�s entire net income subject to the tax 
imposed pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5).

���� c.���� (1)� To qualify for the 
tax benefits allowed pursuant to this section a taxpayer shall not deposit more 
than $100,000 in the manufacturing reinvestment account for a privilege 
period.� A taxpayer shall not be allowed more than one manufacturing reinvestment 
account.� The tax benefits associated with a manufacturing reinvestment account 
shall only apply to the five consecutive privilege periods beginning with the 
privilege period in which the taxpayer first makes a deposit to the 
manufacturing reinvestment account.� Amounts remaining in a manufacturing 
reinvestment account after the fifth privilege period shall be deemed to be 
distributed and previously not included earnings shall be included in entire 
net income subject to the tax imposed pursuant to section 5 of P.L.1945, c.162 
(C.54:10A-5).

���� (2)�� The amount of a 
qualified reinvestment expenditure distribution from a manufacturing 
reinvestment account representing previously not included account earnings to 
be included in entire net income for the privilege period of distribution and 
subject to the reduced rate of taxation allowed by this section shall be 
determined by applying the percentage that the total distribution represents of 
the total amount deposited by the taxpayer into the manufacturing reinvestment 
account to the date of the distribution against the total amount of previously 
not included earnings in the manufacturing reinvestment account to the date of 
the distribution. 

���� (3)�� The Director of the 
Division of Taxation in the Department of the Treasury shall prescribe basis 
adjustments for qualified reinvestment expenditure items to the extent required 
and the order of application of deductions against entire net income relative 
to the rate reduction allowed pursuant to this section.� 

���� d.��� The Department of the 
Treasury shall establish criteria and guidelines to qualify a manufacturer so 
that the manufacturers may establish a reinvestment account pursuant to the 
provisions of this section.

���� e.���� As used in this 
section: 

���� �Manufacturing facility� means 
a commercial product production or assembly site located in New Jersey.

���� �Manufacturing reinvestment 
account� means an interest bearing account that solely accepts cash deposits, 
which is held by a New Jersey financial institution.

���� �New Jersey financial 
institution� means a State or federally chartered bank, savings bank, savings 
and loan association, or credit union with an office in this State.

���� �Qualified manufacturer� means 
a taxpayer that is in a line of business involving manufacturing, is in good 
standing with respect to State tax responsibilities, and employs no more than 
fifty employees.

���� �Qualified reinvestment 
expenditure� means the use of a manufactu