Bill

Bill > S700


NJ S700

NJ S700
Allows a gross income tax deduction for certain higher education tuition and fee expenses.


summary

Introduced
01/11/2022
In Committee
01/11/2022
Crossed Over
Passed
Dead
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)

bill text


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