S 3541
Increases minimum income thresholds requiring filing and paying of gross income tax.
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- Passed Senate
- Passed General Assembly
- To Governor
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Bill overview
This bill raises the minimum income levels required for individuals to be obligated to file and pay New Jersey gross income tax. It increases the income thresholds for single filers, married couples, and those filing separately. Specifically, the thresholds for taxable years beginning before January 1, 1994, are $3,000, $7,500, and $10,000, respectively. For years after January 1, 1999, the thresholds increase to $12,000 and $24,000. These changes haven’t been made since 2001.
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