NJ S1422 | 2024-2025 | Regular Session
Note: Carry Over of previous S2875
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on March 20 2024 - 100% progression
Action: 2024-03-20 - Approved P.L.2024, c.1.
Text: Latest bill text (Amended) [HTML]
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on March 20 2024 - 100% progression
Action: 2024-03-20 - Approved P.L.2024, c.1.
Text: Latest bill text (Amended) [HTML]
Summary
Allows taxpayers to utilize alternative method of depreciation of certain expenditures in connection with construction of new affordable housing developments.
Title
Allows taxpayers to utilize alternative method of depreciation of certain expenditures in connection with construction of new affordable housing developments.
Sponsors
Roll Calls
2024-03-18 - Senate - Senate Floor: Third Reading - Final Passage (Y: 32 N: 4 NV: 4 Abs: 0) [PASS]
2024-03-18 - Assembly - Assembly Floor: Third Reading - Final Passage (Y: 67 N: 8 NV: 5 Abs: 0) [PASS]
2024-03-18 - Assembly - Assembly Floor: Substitute for A3365 (Voice Vote) (Y: 0 N: 0 NV: 0 Abs: 0) [PASS]
2024-03-11 - Senate - Senate Budget and Appropriations Committee: Reported with Amendments (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-25 - Senate - Senate Community and Urban Affairs Committee: Reported with Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2024-03-18 - Assembly - Assembly Floor: Third Reading - Final Passage (Y: 67 N: 8 NV: 5 Abs: 0) [PASS]
2024-03-18 - Assembly - Assembly Floor: Substitute for A3365 (Voice Vote) (Y: 0 N: 0 NV: 0 Abs: 0) [PASS]
2024-03-11 - Senate - Senate Budget and Appropriations Committee: Reported with Amendments (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-25 - Senate - Senate Community and Urban Affairs Committee: Reported with Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-20 | Assembly | Approved P.L.2024, c.1. |
| 2024-03-18 | Assembly | Passed Assembly (Passed Both Houses) (67-8-0) |
| 2024-03-18 | Assembly | Substituted for A3365 (1R) |
| 2024-03-18 | Assembly | Received in the Assembly without Reference, 2nd Reading |
| 2024-03-18 | Senate | Passed by the Senate (32-4) |
| 2024-03-11 | Senate | Reported from Senate Committee with Amendments, 2nd Reading |
| 2024-01-25 | Senate | Referred to Senate Budget and Appropriations Committee |
| 2024-01-25 | Senate | Reported from Senate Committee with Amendments, 2nd Reading |
| 2024-01-09 | Senate | Transferred to Senate Community and Urban Affairs Committee |
| 2024-01-09 | Senate | Introduced in the Senate, Referred to Senate Economic Growth Committee |
Same As/Similar To
S2875 (Carry Over) 2022-11-03 - Referred to Senate Budget and Appropriations Committee
A3365 (Same As) 2024-03-18 - Substituted by S1422 (2R)
A3365 (Same As) 2024-03-18 - Substituted by S1422 (2R)
