NJ A3485 | 2014-2015 | Regular Session

Note: Carry Foward to future A1992

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Vetoed on July 11 2014 - 100% progression
Action: 2014-07-11 - Absolute Veto, Received in the Assembly
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.

Tracking Information

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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


Roll Calls

2014-06-26 - Senate - Senate Floor: Substitute For S2263 (Voice Vote) (Y: 0 N: 0 NV: 0 Abs: 0) [PASS]
2014-06-26 - Assembly - Assembly Floor: Third Reading - Final Passage (Y: 48 N: 31 NV: 1 Abs: 0) [PASS]
2014-06-26 - Senate - Senate Floor: Third Reading - Final Passage (Y: 24 N: 16 NV: 0 Abs: 0) [PASS]
2014-06-26 - Senate - Senate Third Reading - Final Passage (Y: 24 N: 16 NV: 0 Abs: 0) [PASS]
2014-06-26 - Senate - Senate Substitute For S2263 (Voice Vote) (Y: 0 N: 0 NV: 0 Abs: 0) [PASS]
2014-06-26 - Assembly - Assembly Third Reading - Final Passage (Y: 48 N: 31 NV: 1 Abs: 0) [PASS]
2014-06-24 - Assembly - Assembly Budget Committee: Reported Favorably (Y: 8 N: 4 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2014-07-11AssemblyAbsolute Veto, Received in the Assembly
2014-06-26SenatePassed Senate (Passed Both Houses) (24-16)
2014-06-26SenateSubstituted for S2263
2014-06-26SenateReceived in the Senate without Reference, 2nd Reading
2014-06-26AssemblyPassed by the Assembly (48-31-0)
2014-06-23AssemblyReported out of Assembly Committee, 2nd Reading
2014-06-23AssemblyIntroduced, Referred to Assembly Budget Committee

Same As/Similar To

A3485 (Carry Over) 2014-07-11 - Absolute Veto, Received in the Assembly
S2263 (Same As) 2014-06-26 - Substituted by A3485

Subjects


New Jersey State Sources


Bill Comments

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