Bill
Bill > A2898
summary
Introduced
02/28/2022
02/28/2022
In Committee
02/28/2022
02/28/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill re-establishes 6.37 percent as the top gross income tax rate. Over the last decade, several income tax increases were targeted at the State's most productive individuals, families, and small-business owners, causing many within that same tax base to relocate their residence out-of-State. The bill re-establishes the top gross income tax rate to 2004 levels as an initial step toward retaining the talents and contributions of some of the State's most productive citizens.
AI Summary
This bill re-establishes 6.37% as the top marginal gross income tax rate. Over the last decade, several income tax increases were targeted at the state's most productive individuals, families, and small-business owners, causing many within that same tax base to relocate their residence out-of-state. The bill re-establishes the top gross income tax rate to 2004 levels as an initial step toward retaining the talents and contributions of some of the state's most productive citizens.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 02/28/2022)
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/A2898 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A3000/2898_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A3000/2898_I1.PDF |
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