A 3824
Expands eligibility for pension and retirement income exclusion to taxpayers with incomes exceeding $150,000, and increases amount of exclusion that qualifying taxpayers may claim.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill expands eligibility for a pension and retirement income exclusion in New Jersey, allowing taxpayers with incomes exceeding $150,000 to claim it. It also increases the amount of the exclusion that qualifying taxpayers can receive. Currently, the exclusion is capped at $150,000 for taxpayers with incomes below $100,000, but this bill raises that limit to $150,000 for taxpayers with incomes between $100,000 and $125,000, and then increases the exclusion further for those earning between $125,000 and $150,000. The bill amends existing tax law to reflect these changes.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Alex Sauickie
Cosponsors
Gregory McGuckin
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.