Bill
Bill > A6048
NJ A6048
NJ A6048Provides gross income tax deduction for residents who subscribe to New Jersey based newspapers.
summary
Introduced
11/15/2021
11/15/2021
In Committee
11/15/2021
11/15/2021
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill provides a deduction from New Jersey gross income for a taxpayer who subscribes to a New Jersey based newspaper. The deduction, in the amount of $250 per taxable year, is available to an individual who subscribes to a New Jersey based newspaper. The bill defines "newspaper subscription" as a print version of a newspaper, a digital-only version of a newspaper, or both print and digital versions of a newspaper that a New Jersey resident personally pays for. This bill additionally defines "New Jersey based newspapers" as a publication which covers New Jersey and is headquartered in the State.
AI Summary
This bill provides a $250 deduction from New Jersey gross income for residents who subscribe to a New Jersey-based newspaper, either in print or digital form. The bill defines "New Jersey-based newspaper" as a publication that covers the state and is headquartered in New Jersey. The deduction is available for the calendar year in which the taxes are due and payable on the gross income.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 11/15/2021)
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/A9999/6048_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A9999/6048_I1.PDF |
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