Reduces gross income tax rates by ten percent over three years.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill proposes to reduce New Jersey’s gross income tax rates by ten percent over a three-year period, starting in 2013. The reductions are phased in, with a three-and-one-third percent decrease in the first year, followed by additional reductions in the subsequent years. This legislation aims to lower the tax burden for New Jersey residents.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
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