NJ ACR130 | 2012-2013 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 12-0)
Status: Introduced on March 5 2012 - 25% progression, died in committee
Action: 2012-03-05 - Introduced, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on March 5 2012 - 25% progression, died in committee
Action: 2012-03-05 - Introduced, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends State Constitution to provide 10.75% marginal personal income tax rate on annual taxable income exceeding $1,000,000 and dedicates amount equal to the revenue derived from tax rate to direct real property tax relief.
Title
Amends State Constitution to provide 10.75% marginal personal income tax rate on annual taxable income exceeding $1,000,000 and dedicates amount equal to the revenue derived from tax rate to direct real property tax relief.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2012-03-05 | Assembly | Introduced, Referred to Assembly Budget Committee |
Same As/Similar To
SCR31 (Same As) 2012-01-10 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
Subjects
New Jersey State Sources
Type | Source |
---|---|
Summary | https://www.njleg.state.nj.us/bill-search/2012/ACR130 |
Text | https://pub.njleg.gov/Bills/2012/ACR/130_I1.HTM |