NJ A5149 | 2020-2021 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 8-4)
Status: Introduced on December 14 2020 - 25% progression
Action: 2021-03-01 - Substituted by S3234 (2R)
Text: Latest bill text (Amended) [HTML]
Status: Introduced on December 14 2020 - 25% progression
Action: 2021-03-01 - Substituted by S3234 (2R)
Text: Latest bill text (Amended) [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
Roll Calls
2021-02-24 - Assembly - Assembly Appropriations Committee: Reported with Amendments (Y: 10 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2021-03-01 | Assembly | Substituted by S3234 (2R) |
| 2021-02-24 | Assembly | Reported out of Assembly Comm. with Amendments, 2nd Reading |
| 2020-12-14 | Assembly | Introduced, Referred to Assembly Appropriations Committee |
Same As/Similar To
S3234 (Same As) 2021-05-11 - Approved P.L.2021, c.90.
