A2077

Imposes a one percent administrative fee on out-of-State contractors for contracts subject to New Jersey wage and registration laws.

Imposes an administrative fee equal to one percent of the total value of any contract awarded to an out-of-State contractor subject to the New Jersey Prevailing Wage Act and Public Works Contractor Registration Act. The fee is payable to the State Treasurer for deposit in the General Fund. An out-of-State contractor may subtract the costs of other State business registration fees from the total amount of the administrative fee due. The act applies to contracts awarded following the date of enactment.