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NJ A3955
Bill
Status
2/24/2026
Primary Sponsor
Robert Karabinchak
Click for details
AI Summary
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Directs the Business Action Center in the Department of State to conduct a study on the impact of vacant commercial real estate in New Jersey and submit a report to the Governor and Legislature within one year
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Requires examination of existing county and local government efforts to track vacant commercial properties and their use of the Abandoned Properties Rehabilitation Act
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Mandates assessment of local financial and technical assistance programs addressing vacant commercial real estate
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Includes a survey of business owners and prospective business owners on methods used to identify vacant properties for potential occupancy
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Takes effect 90 days after enactment
Legislative Description
Requires study of vacant commercial space for small businesses.
Economic Growth
Last Action
Received in the Senate, Referred to Senate Economic Growth Committee
3/2/2026