NJ A10 | 2020-2021 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 6-0)
Status: Passed on September 29 2020 - 100% progression
Action: 2020-09-29 - Approved P.L.2020, c.94.
Text: Latest bill text (Chaptered) [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.

Tracking Information

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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

2020-09-24 - Assembly - Assembly Floor: Table Motion (Y: 51 N: 27 NV: 2 Abs: 0) [PASS]
2020-09-24 - Assembly - Assembly Floor: Third Reading - Final Passage (Y: 52 N: 27 NV: 1 Abs: 0) [PASS]
2020-09-24 - Senate - Senate Floor: Substitute for S2949 (Voice Vote) (Y: 0 N: 0 NV: 0 Abs: 0) [PASS]
2020-09-24 - Senate - Senate Floor: Third Reading - Final Passage (Y: 25 N: 14 NV: 1 Abs: 0) [PASS]
2020-09-22 - Assembly - Assembly Budget Committee: Reported Favorably (Y: 9 N: 4 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2020-09-29SenateApproved P.L.2020, c.94.
2020-09-24SenatePassed Senate (Passed Both Houses) (25-14)
2020-09-24SenateSubstituted for S2949
2020-09-24SenateReceived in the Senate without Reference, 2nd Reading
2020-09-24AssemblyPassed by the Assembly (52-27-0)
2020-09-24AssemblyMotion To Table (51-27-0) (Greenwald)
2020-09-24AssemblyMotion To Aa (Wirths)
2020-09-21AssemblyReported out of Assembly Committee, 2nd Reading
2020-09-21AssemblyIntroduced, Referred to Assembly Budget Committee

Same As/Similar To

S2949 (Same As) 2020-09-24 - Substituted by A10

Subjects


New Jersey State Sources


Bill Comments

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