Bill
Bill > S531
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill establishes a $750 gross income tax credit for payment of tuition and maintenance costs for full time attendance, and a $375 credit for part-time attendance, at a New Jersey county college paid by a taxpayer either for a dependent under 22 years of age or for the taxpayer's own attendance at a county college. These tax credits provide tax savings that can be used to finance a significant portion of a county college student's tuition. The county college system, comprised of 19 institutions, provides access to higher education for a broad range of New Jersey residents who might otherwise be denied the benefits of a college education. This tax credit can provide a substantial financial subsidy for those taxpayers who are pursuing this gateway to a post-secondary education for themselves or their dependents.
AI Summary
This bill establishes a gross income tax credit for New Jersey residents attending county colleges, which are part of a system of 19 institutions providing accessible higher education. Taxpayers can claim a credit of up to $750 for full-time tuition and maintenance costs, or up to $375 for part-time costs, for either themselves or a dependent under 22 years old. This credit is applied against taxes owed under the "New Jersey Gross Income Tax Act," meaning it directly reduces the amount of income tax a person has to pay. However, a taxpayer cannot claim this credit for a dependent if they are already claiming that dependent as a deduction on their taxes, and a student cannot be claimed for the credit by both themselves and another taxpayer in the same year. The bill takes effect immediately and applies to taxable years starting on or after January 1 of the year following its enactment.
Committee Categories
Education
Sponsors (3)
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee (on 01/13/2026)
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/2026/S531 |
| BillText | https://pub.njleg.gov/Bills/2026/S1000/531_I1.HTM |
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