NJ S2949 | 2020-2021 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on September 21 2020 - 25% progression, died in chamber
Action: 2020-09-24 - Substituted by A10
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on September 21 2020 - 25% progression, died in chamber
Action: 2020-09-24 - Substituted by A10
Text: Latest bill text (Introduced) [HTML]
Summary
Increases gross income tax rate from 8.97 percent to 10.75 percent on income between $1,000,000 and $5,000,000, and provides up to $500 tax rebate to eligible taxpayers.
Title
Increases gross income tax rate from 8.97 percent to 10.75 percent on income between $1,000,000 and $5,000,000, and provides up to $500 tax rebate to eligible taxpayers.
Sponsors
Roll Calls
2020-09-22 - Senate - Senate Budget and Appropriations Committee: Reported Favorably (Y: 8 N: 4 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2020-09-24 | Senate | Substituted by A10 |
| 2020-09-21 | Senate | Reported from Senate Committee, 2nd Reading |
| 2020-09-21 | Senate | Introduced in the Senate, Referred to Senate Budget and Appropriations Committee |
Same As/Similar To
A10 (Same As) 2020-09-29 - Approved P.L.2020, c.94.
