PolitickerNJ Wire Feed

By Gina Wilder | February 7th, 2013 - 6:10pm
| More

Assembly Democrats News Release

Assembly Panel Advances Ramos, Wagner, Jimenez & Caputo Legislation to Encourage Use of Pre-Paid Debit Cards for Government Disbursements

Trenton) - An Assembly panel approved today bipartisan legislation sponsored by Assembly Democrats Ruben Ramos, Jr., Connie Wagner, Angelica M. Jimenez, and Ralph Caputo to expand the state's method of government disbursement such as gross income tax refunds or any applicable State and local payments to individuals or business entities.

The sponsors noted that the intent of both measures (A-3561 and A3562) are to modernize the payment system to increase efficiency and provide a more accessible form of payment receipt for recipients lacking readily available access to banking institutions.

"It's time to bring the state's payment disbursement methods into the twenty-first century," Ramos (D-Hudson). "Pre-paid cards would provide easier and faster access to refunds and payments."

"Debit and credit cards are the preferred method of payment nearly everywhere," Wagner (D-Bergen, Passaic). "It's a simple option that would provide more versatility for the residents and more efficiency in government payment processing."

"This legislation would increase access and convenience for anyone receiving money from the state or possibly local government too," Jimenez (D-Bergen, Hudson). "In the situation where a reloadable card can be used, it could potentially save money in the long run."

"Let's streamline the process to allow residents' the option to receive their payments by debit card," Caputo (D-Essex). "This bill works well for everyone who wants to have access to their money quickly and with as little hassle as possible."

The bill (A-3561) would provide for the distributions of gross income tax refunds via prepaid debit cards, under the purview of the Division of Taxation and potentially in time for taxable years beginning on or after January 1, 2013. The bill (A-3562) potentially providing for state and local payments to be disbursed in a standardized debit card will depend upon ongoing review of financial feasibility for both government levels.

Both bills would require prepaid debit cards, issued pursuant to the bill, to have the following minimum characteristics: (1) Open Loop, the debit card must be redeemable at a variety of merchants and banks; (2) Redeemable for Products, Services or Cash; and (3) Reloadable or non-reloadable.

The Assembly Appropriations Committee released the legislation in a Thursday meeting. Both bills now go to the Assembly Speaker who will decide when to post it for a floor vote.

To read more, please visit the New Jersey General Assembly Democratic Office Web site.

On the Net:
The Assembly Democratic Office Web site
NJ Assembly Dems on YouTube
NJ Assembly Dems on Vimeo
NJ Assembly Dems on Facebook
NJ Assembly Dems on Twitter
NJ Assembly Dems e-mail alerts

Contact Info: 

Majority Press Office

609-847-3500

Wake-Up Call

Morning Digest: September 22nd

Winners and Losers: Week of September 15th WINNERS Chris Christie NBC News reported Thursday evening that the U.S. Attorney’s Office has determined after a nine-month investigation that there is 'no evidence" so far that the governor had advance knowledge about any politically motivated scheme around the bridge lane closures...

Op-Ed

Legislation needed for publicly financed gubernatorial elections

By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor.  Not only is there no current legal... Read More >

Contributors

Sports and politics do mix: Welcome the next NFL Commissioner, Condi Rice          There are many sports fans who insist on believing that old bromide that sports and politics do... more »
(9-17-14) Viral Video Prompts Questionable NJ Municipal Ordinance -  Socrates said, “While I might disagree with what you say, I will defend to the death your right to say... more »
(Asbury Park, NJ) -- There's a word for someone who says one thing and does another: hypocrite.  There's no shortage of 'em in Trenton -- from ... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

Quote of the Day

quote of the day

"In many ways, Fulop has embraced McGreevey’s granular-level approach to retail politics, racing around the state to raise money for congressional candidates in South Jersey one night, showing up at a Morris County Democratic Party function the next. His administration has also awarded legal work to Weiner Lesniak, the Parsippany-based firm run by state Sen. Ray Lesniak, the Union County Democratic Party power broker." - columnist Charles Stile

- The Bergen Record

Poll

Who will succeed Gov. Chris Christie as New Jersey's governor?:

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources