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S 2949

  • New Jersey Senate Bill
  • 2020-2021 Regular Session
  • Introduced in Senate Sep 21, 2020
  • Senate
  • Assembly
  • Governor

Increases gross income tax rate from 8.97 percent to 10.75 percent on income between $1,000,000 and $5,000,000, and provides up to $500 tax rebate to eligible taxpayers.

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Bill Subjects

Income Tax

Abstract

Bill Sponsors (4)

Dawn Marie Addiego

  • Democratic
Primary

Linda Greenstein

  • Democratic
  • Senator
  • District 14
Primary

Shirley Turner

  • Democratic
  • Senator
  • District 15
Cosponsor

Teresa Ruiz

  • Democratic
  • Senator
  • District 29
Cosponsor

Votes

No votes to display

Actions

Sep 24, 2020

Senate

Substituted by A10

Sep 21, 2020

Senate

Introduced in the Senate, Referred to Senate Budget and Appropriations Committee

Senate

Reported out of Senate Committee, 2nd Reading

Bill Text

Bill Text Versions Format
Introduced Version HTML

Related Documents

Document Format
Statement SBA 9/22/20
Legislative Fiscal Estimate 9/28/20; as introduced

Sources

Data on Open States is updated periodically throughout the day from the official website of the New Jersey Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.