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  • NJ A392
  • Allows gross income tax deductions for contributions, earnings, and qualified distributions associated with special needs trusts.
In Committee
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill provides special State income tax treatment for special needs trusts benefitting disabled individuals. The bill would exclude from a taxpayer's New Jersey gross income the amount of the taxpayer's contribution to a disabled individual's special needs trust, a non-profit pooled income special needs trust, or a third party supplemental needs trust. The bill would also exclude from the New Jersey gross income of a distributee the amounts of qualified distributions from special needs trusts and earnings on such qualified distributions.
Human Services
Introduced, Referred to Assembly Human Services Committee  (on 1/27/2016)
Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Human Services Committee
Date Motion Yea Nay Other
None specified