Establishes surtax on certain incomes derived from operation of prediction markets.*
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- 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 generate revenue and is governed by existing tax laws. The bill also defines key terms related to prediction markets, such as ‘bid-ask format’ and ‘future events.’
Bill text
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Document of record
- Version
- Assembly Committee Substitute
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Sponsors
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5 on record
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