NJ A5149 | 2020-2021 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on December 14 2020 - 25% progression
Action: 2020-12-14 - Introduced, Referred to Assembly Appropriations Committee
Pending: Assembly Appropriations Committee
Hearing: Feb 24 @ 12:30 pm in Registration Form
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on December 14 2020 - 25% progression
Action: 2020-12-14 - Introduced, Referred to Assembly Appropriations Committee
Pending: Assembly Appropriations Committee
Hearing: Feb 24 @ 12:30 pm in Registration Form
Text: Latest bill text (Introduced) [HTML]
Summary
Allows deduction from tax of certain expenses when taxpayer's federal paycheck protection program loan is forgiven and excludes those forgiven loans from gross income tax.
Title
Allows deduction from tax of certain expenses when taxpayer's federal paycheck protection program loan is forgiven and excludes those forgiven loans from gross income tax.
Sponsors
| Rep. Louis Greenwald [D] | Rep. Daniel Benson [D] | Rep. Gordon Johnson [D] | Rep. Carol Murphy [D] |
| Rep. Robert Karabinchak [D] | Rep. Ronald Dancer [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-12-14 | Assembly | Introduced, Referred to Assembly Appropriations Committee |
Same As/Similar To
S3234 (Same As) 2021-01-29 - Received in the Assembly, Referred to Assembly Appropriations Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=A5149 |
| Text | https://www.njleg.state.nj.us/2020/Bills/A9999/5149_I1.HTM |
