Bill
Bill > A2206
summary
Introduced
02/01/2018
02/01/2018
In Committee
02/01/2018
02/01/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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 to relocate out of state. This 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.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced, Referred to Assembly Appropriations Committee (on 02/01/2018)
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/2018/Bills/A2500/2206_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A2500/2206_I1.PDF |
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