Allows gross income tax deduction for amounts paid for removal of lead, asbestos, sodium, chloride, and other contaminants from taxpayer's property.
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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 allows New Jersey residents to deduct expenses paid for removing lead, asbestos, sodium, chloride, and other contaminants from their property. Specifically, it covers costs associated with lead-based paint abatement, asbestos removal, replacing lead water service lines, remediating soil contamination, and upgrading septic systems due to well water contamination. The deduction is available to all taxpayers, regardless of income, up to a maximum of $45,000 per year, and requires documentation from the local municipality.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
Joseph Cryan
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