Bill Text: NJ A1122 | 2010-2011 | Regular Session | Introduced

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Bill Title: Allows a gross income tax deduction for certain higher education tuition and fee expenses.

Spectrum: Partisan Bill (Democrat 10-0)

Status: (Introduced - Dead) 2010-01-12 - Introduced, Referred to Assembly Higher Education Committee [A1122 Detail]

Download: New_Jersey-2010-A1122-Introduced.html

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ASSEMBLY, No. 1122

STATE OF NEW JERSEY

214th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2010 SESSION

 

 

Sponsored by:

Assemblywoman  ELEASE EVANS

District 35 (Bergen and Passaic)

Assemblywoman  CLEOPATRA G. TUCKER

District 28 (Essex)

Assemblywoman  CARIDAD RODRIGUEZ

District 33 (Hudson)

Assemblyman  RUBEN J. RAMOS, JR.

District 33 (Hudson)

 

Co-Sponsored by:

Assemblywoman Wagner, Assemblymen Caputo, Chiappone, Assemblywomen Quijano, Vainieri Huttle and Assemblyman Green

 

 

 

 

SYNOPSIS

     Allows a gross income tax deduction for certain higher education tuition and fee expenses.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel

  

An Act allowing a deduction under the gross income tax for certain tuition expenses and supplementing chapter 3 of Title 54A of the New Jersey Statutes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    A taxpayer with a gross income for the taxable year of $85,000 or less shall be allowed to deduct from gross income amounts paid by the taxpayer during the taxable year for tuition and fee expenses for the taxpayer, the taxpayer's spouse and the taxpayer's dependents as a matriculated student at a public or independent institution of higher education accredited by a nationally recognized accrediting agency or association which has been recognized by the United States Secretary of Education for the award of such status.

 

     2.    This act shall take effect immediately and apply to taxable years commencing after its enactment.

 

 

STATEMENT

 

     This bill allows taxpayers who have gross incomes of $85,000 or less in a taxable year to deduct higher education tuition and fee expenses paid in that year from their gross income for that taxable year.  The bill allows the deduction for tuition and fees for the taxpayer, the taxpayer's spouse and the taxpayer's dependents paid to accredited higher education institutions as recognized by the United States Secretary of Education.