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Bill > S993


NJ S993

NJ S993
Provides gross income tax deductions for membership fees, dam project assessments and potable water system project assessments paid to lake associations.


summary

Introduced
01/31/2022
In Committee
01/31/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 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 date of enactment, and the bill defines key terms such as "dam project assessment," "lake association," and "potable water system project assessment."

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 01/31/2022)

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