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Bill > S1429
NJ S1429
NJ S1429Provides gross income tax deductions for membership fees, dam project assessments and potable water system project assessments paid to lake associations.
summary
Introduced
02/13/2020
02/13/2020
In Committee
02/13/2020
02/13/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill provides gross income tax deductions for individuals who pay membership fees, dam project assessments, or potable water system assessments to lake associations in New Jersey. This bill is effective immediately and applies to all taxable years beginning on or after January 1 next following enactment.
AI Summary
This bill provides gross income tax deductions for individuals who pay membership fees, dam project assessments, or potable water system assessments to lake associations in New Jersey. The deductions apply to taxable years beginning on or after January 1 following the bill's enactment. The key terms defined in the bill are "dam project assessment," which refers to funding for constructing or repairing dams, and "potable water system project assessment," which refers to funding for repairing or constructing safe drinking water systems.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 02/13/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/S1500/1429_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S1500/1429_I1.PDF |
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