NJ S1035 | 2024-2025 | Regular Session
Note: Carry Over of previous S2707
Note: Carry Over of previous A2487
Note: Carry Over of previous A2487
Status
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-01-09 - Introduced in the Senate, Referred to Senate Commerce Committee
Pending: Senate Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-01-09 - Introduced in the Senate, Referred to Senate Commerce Committee
Pending: Senate Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.
Title
Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.
Sponsors
| Sen. Linda Greenstein [D] | Sen. Michael Testa [R] | Sen. Troy Singleton [D] | Sen. Andrew Zwicker [D] |
| Sen. Patrick Diegnan [D] | Sen. Kristin Corrado [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-09 | Senate | Introduced in the Senate, Referred to Senate Commerce Committee |
Same As/Similar To
S2707 (Carry Over) 2022-12-19 - Referred to Senate Budget and Appropriations Committee
A2487 (Carry Over) 2022-02-14 - Introduced, Referred to Assembly Science, Innovation and Technology Committee
A1345 (Same As) 2024-01-09 - Introduced, Referred to Assembly Science, Innovation and Technology Committee
A2487 (Carry Over) 2022-02-14 - Introduced, Referred to Assembly Science, Innovation and Technology Committee
A1345 (Same As) 2024-01-09 - Introduced, Referred to Assembly Science, Innovation and Technology Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2024/S1035 |
| Text | https://pub.njleg.gov/Bills/2024/S1500/1035_I1.HTM |
