Bill
Bill > A4472
NJ A4472
NJ A4472"Gas Tax Rebate"; provides temporary gross income tax credit to certain taxpayers to offset rising gas prices.
summary
Introduced
09/15/2022
09/15/2022
In Committee
09/15/2022
09/15/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill allows a nonrefundable tax credit against the gross income tax for Tax Year 2021 to help offset rising gas prices. The credit amount is: $1,000 for taxpayers whose gross income does not exceed $250,000 and who file jointly, as a head of household or as a surviving spouse; and $500 for taxpayers whose gross income does not exceed $125,000 and who are married filing separately or single.
AI Summary
This bill provides a temporary nonrefundable tax credit against the New Jersey Gross Income Tax for Tax Year 2021 to help offset rising gas prices. The credit amount is $1,000 for taxpayers whose gross income does not exceed $250,000 and who file jointly, as a head of household, or as a surviving spouse, and $500 for taxpayers whose gross income does not exceed $125,000 and who are married filing separately or single. If a taxpayer has already filed their 2021 tax return, the credit will be applied retroactively.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 09/15/2022)
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/A4472 |
| BillText | https://pub.njleg.gov/Bills/2022/A4500/4472_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A4500/4472_I1.PDF |
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