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A3955 • 2026

Requires study of vacant commercial space for small businesses.

Requires study of vacant commercial space for small businesses.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Karabinchak, Robert J.
Last action
2026-03-02
Official status
Received in the Senate, Referred to Senate Economic Growth Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires study of vacant commercial space for small businesses.

Requires study of vacant commercial space for small businesses.

What This Bill Does

  • Requires study of vacant commercial space for small businesses.
  • Topic: Economic Growth Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-02 New Jersey Legislature

    Received in the Senate, Referred to Senate Economic Growth Committee

  2. 2026-02-24 New Jersey Legislature

    Passed by the Assembly (74-5-0)

  3. 2026-02-12 New Jersey Legislature

    Reported out of Assembly Comm. with Amendments, 2nd Reading

  4. 2026-01-13 New Jersey Legislature

    Introduced, Referred to Assembly Commerce and Economic Development Committee

Official Summary Text

Requires study of vacant commercial space for small businesses.
Topic:
Economic Growth
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
A3955 ACE Statement 2/12/26

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

ASSEMBLY,
No. 3955

with
committee amendments

STATE
OF NEW JERSEY

DATED:
�FEBRUARY
12, 2026

����� The Assembly Commerce and Economic Development
Committee reports favorably and with committee amendments Assembly Bill No.
3955.

����� As amended and reported, this bill requires the
Business Action Center in the Department of State to conduct a study on the
impact of vacant commercial real estate in the State and prepare a report
within one year of the effective date of the bill to be submitted to the
Governor and to the Legislature.� The report is required to include, but not be
limited to:�

����� (1)� information concerning existing county and local
government efforts to track vacant commercial real estate within their
jurisdictions;

����� (2)� the progress and efforts of municipal governments
in utilizing the "Abandoned Properties Rehabilitation Act;"

����� (3)� an assessment of any existing county and local
government programs that provide financial or technical assistance to address
vacant commercial real estate within their jurisdictions;

����� (4)� a
survey of business
owners and prospective business owners concerning the methods by which business
owners and prospective business owners identify vacant properties
; and

����� (5)� any further recommendations that may help guide
business owners and prospective business owners in their search for vacant
commercial real estate.

����� This bill was prefiled for introduction in the 2026-2027
session pending technical review.� As reported, the bill includes the changes
required by technical review, which has been performed.

COMMITTEE AMENDMENTS
:

����� The committee amendments to the bill require that the
report prepared pursuant to the bill include a survey of business owners and
prospective business owners concerning the methods by which they identify
vacant properties, rather than their satisfaction with using private real
estate resources to identify vacant commercial real estate.