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Bill > S396
NJ S396
NJ S396Provides gross income tax deductions for membership fees, dam project assessments and potable water system project assessments paid to lake associations.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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 in New Jersey who pay membership fees, dam project assessments, or potable water system assessments to lake associations. The deductions apply to taxable years beginning on or after January 1 following the bill's 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 01/09/2024)
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/2024/S396 |
| BillText | https://pub.njleg.gov/Bills/2024/S0500/396_I1.HTM |
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