Bill > S1504

Introduced Session

This bill would increase the minimum income threshold at which a person becomes liable for New Jersey gross income tax and is required to file a return. Currently, a single taxpayer, an estate or trust, or a married person filing separately with a gross income of $10,000 or less is not subject to the gross income tax or required to file a return. A married coupled filing a joint return or an individual filing as head of household or as surviving spouse for federal income tax purposes with a gross income of $20,000 or less is not subject to the gross income tax or required to file a return. Under this bill, beginning in tax year 2022, these income thresholds would be increased from $10,000 to $12,000 and from $20,000 to $24,000. These income thresholds have not been increased since tax year 2001.

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Shirley Turner (D)*, 

Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 01/09/2024)

Official Document