Bill
Bill > S3350
NJ S3350
NJ S3350Establishes gross income tax credit for full-time tuition cost at certain New Jersey institutions of post-secondary education.
summary
Introduced
02/05/2026
02/05/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill expands opportunities for New Jersey residents to pursue post-secondary education by establishing a gross income tax credit for the costs of full-time tuition at New Jersey institutions of higher education, county colleges and accredited post-secondary training schools. The tax credit is equal to 10 percent of tuition costs of up to $10,000 paid by a taxpayer with a gross income not exceeding $150,000 either for the taxpayer or a resident dependent under 22 years of age. Tuition and fees for New Jersey State college students exceed the national average by 26 percent. The College Board relates in its "Trends in College Pricing 2017" report that the national average cost of in-state tuition and fees at four-year public colleges is $9,970 for academic year 2017-2018. The New Jersey Secretary of Higher Education conveys that the equivalent average for New Jersey senior public colleges is $13,464. The State's 19 county community colleges provide access to higher education for many New Jersey residents who might otherwise be denied the benefits of a college education. Post-secondary business, technical, trade or vocational schools, on the other hand, allow the non-college bound to improve their occupational and economic chances by acquiring specialized skills.
AI Summary
This bill establishes a gross income tax credit for New Jersey residents to help offset the costs of full-time tuition at eligible in-state post-secondary institutions, including four-year colleges, county colleges, and accredited business, technical, trade, or vocational schools. The credit is available to taxpayers with a gross income of $150,000 or less and is equal to 10% of tuition costs, capped at $1,000 per taxable year. This credit can be claimed for tuition paid for the taxpayer themselves or for a dependent under 22 years old who is a full-time student in good standing, provided the taxpayer pays at least half of the tuition costs for the dependent and does not claim the dependent as a deduction on their taxes. The bill aims to make higher education and specialized training more accessible and affordable for New Jersey residents, acknowledging that in-state tuition costs in New Jersey are higher than the national average.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 02/05/2026)
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/S3350 |
| BillText | https://pub.njleg.gov/Bills/2026/S3500/3350_I1.HTM |
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