Bill
Bill > A1334
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill provides a one-time deduction of $10,000 from gross income that can be claimed in addition to other deductions. This deduction applies to households and joint filers earning under $250,000 and single filers earning under $125,000. The purpose of the bill is to provide relief in the wake of the COVID-19 pandemic.
AI Summary
This bill provides a one-time $10,000 deduction from gross income for certain taxpayers under the Gross Income Tax (GIT). The deduction applies to households and joint filers earning under $250,000 and single filers earning under $125,000. The purpose of this bill is to provide financial relief in the wake of the COVID-19 pandemic.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Introduced, Referred to Assembly Commerce, Economic Development and Agriculture 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/A1334 |
| BillText | https://pub.njleg.gov/Bills/2024/A1500/1334_I1.HTM |
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