Bill
Bill > A1565
summary
Introduced
01/27/2016
01/27/2016
In Committee
01/27/2016
01/27/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 Regular Session
Bill Summary
This bill re-establishes 6.37 percent as the top gross income tax rate. Over the last decade, several income tax increases were targeted at the State's most productive individuals, families, and small-business owners, causing many within that same tax base to relocate their residence out-of-State. The bill re-establishes the top gross income tax rate to 2004 levels as an initial step toward retaining the talents and contributions of some of the State's most productive citizens.
AI Summary
This bill re-establishes 6.37 percent as the top gross income tax rate. Over the last decade, several income tax increases were targeted at the state's most productive individuals, families, and small-business owners, causing many within that tax base to relocate out of state. The bill aims to restore the top gross income tax rate to 2004 levels as an initial step toward retaining the talents and contributions of some of the state's most productive citizens.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced, Referred to Assembly Appropriations Committee (on 01/27/2016)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/A2000/1565_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/A2000/1565_I1.PDF |
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