NJ A1992 | 2016-2017 | Regular Session
Note: Carry Over of previous A3485
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 27 2016 - 25% progression, died in committee
Action: 2016-01-27 - Introduced, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 27 2016 - 25% progression, died in committee
Action: 2016-01-27 - Introduced, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Raises the gross income tax rate on taxable income exceeding $1,000,000 to 10.75 percent for a temporary three-year-period and restores the State earned income tax credit to 25 percent of the federal credit.
Title
Raises the gross income tax rate on taxable income exceeding $1,000,000 to 10.75 percent for a temporary three-year-period and restores the State earned income tax credit to 25 percent of the federal credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-27 | Assembly | Introduced, Referred to Assembly Budget Committee |
Same As/Similar To
A3485 (Carry Over) 2014-07-11 - Absolute Veto, Received in the Assembly
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2016/A1992 |
| Text | https://pub.njleg.gov/Bills/2016/A2000/1992_I1.HTM |
