Bill > A1122

Introduced Session

This bill modifies certain tax brackets under the New Jersey gross income tax. Specifically, the bill modifies the income thresholds of the four lowest tax brackets so that many low-income and middle-income taxpayers would be eligible for a lower marginal tax rate. In recent months, record-high inflation has made it more difficult for Americans to afford food, gas, and other critical goods and services. This bill would help New Jerseyans weather this surge in prices by allowing them to keep more of their hard-earned money.

AI Summary

Committee Categories

John DiMaio (R)*,  Nancy Muñoz (R)*,  Aura Dunn (R), 

Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee (on 01/09/2024)

Official Document