Bill
Bill > S700
NJ S700
NJ S700Allows a gross income tax deduction for certain higher education tuition and fee expenses.
summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill allows taxpayers who have annual gross income of $85,000 or less to deduct certain higher education tuition and fee expenses paid during the taxable year. The bill allows the deduction for higher education tuition and fee expenses paid on account of the status of the taxpayer, the taxpayer's spouse and the taxpayer's dependents as a matriculated student at an accredited higher education institution.
AI Summary
This bill allows taxpayers with annual gross income of $85,000 or less to deduct certain higher education tuition and fee expenses paid during the taxable year for the taxpayer, the taxpayer's spouse, and the taxpayer's dependents who are matriculated students at accredited higher education institutions.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee (on 01/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S700 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1000/700_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/700_I1.PDF |
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