Establishes surtax on certain incomes derived from operation of prediction markets.*
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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 establishes a new 9% surtax on income derived from operating prediction markets in New Jersey. It applies to both prediction market operators (like board of trade companies) and taxpayers who receive income from these markets. The surtax is designed to supplement existing tax revenue and is governed by the New Jersey Gross Income Tax Act. Certain credits are excluded from reducing the surtax liability.
Bill text
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Document of record
- Version
- Senate Committee Substitute
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Sponsors
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2 on record
Primary sponsors
Nicholas Scutari
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