Indexes for inflation various thresholds and qualifications under New Jersey gross income tax.
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill adjusts New Jersey’s gross income tax thresholds and qualifications to account for inflation. It modifies existing provisions regarding minimum taxable income, deductions for qualified family caregivers, student loan interest payments, and tuition costs for higher education. The bill also adjusts income limits for certain tax credits and deductions, using the Chained Consumer Price Index to ensure these thresholds remain relevant to the cost of living. Specifically, it updates income thresholds for various tax benefits, including those related to household care, student loans, and higher education expenses.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours