Bill
Bill > S1200
NJ S1200
NJ S1200Allows a gross income tax deduction for certain higher education tuition and fee expenses.
summary
Introduced
01/09/2024
01/09/2024
In Committee
06/10/2024
06/10/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill allows taxpayers who have annual gross income of $85,000 or less to deduct certain higher education tuition and fee expenses paid during the taxable year. The bill allows the deduction for higher education tuition and fee expenses paid on account of the status of the taxpayer, the taxpayer's spouse and the taxpayer's dependents as a matriculated student at an accredited higher education institution.
AI Summary
This bill allows taxpayers with annual gross income of $85,000 or less to deduct certain higher education tuition and fee expenses paid during the taxable year for the taxpayer, their spouse, and their dependents who are matriculated students at accredited higher education institutions.
Committee Categories
Budget and Finance, Education
Sponsors (3)
Last Action
Referred to Senate Budget and Appropriations Committee (on 06/10/2024)
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/S1200 |
| Fiscal Note - Fiscal Estimate 8/22/24; as introduced | https://pub.njleg.gov/Bills/2024/S1500/1200_E1.PDF |
| Analysis - Statement SHI 6/10/24 | https://pub.njleg.gov/Bills/2024/S1500/1200_S1.PDF |
| Analysis - Technical Review Of Prefiled Bill | https://pub.njleg.gov/Bills/2024/S1500/1200_T1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S1500/1200_I1.HTM |
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