NJ ACR150 | 2016-2017 | Regular Session
Note: Carry Over of previous ACR110
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 16 2016 - 25% progression, died in committee
Action: 2016-02-16 - Introduced, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 16 2016 - 25% progression, died in committee
Action: 2016-02-16 - Introduced, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends State Constitution to provide 10.75% marginal personal income tax rate on annual taxable income exceeding $1,000,000 and dedicates amount equal to the revenue derived from tax rate to direct real property tax relief.
Title
Amends State Constitution to provide 10.75% marginal personal income tax rate on annual taxable income exceeding $1,000,000 and dedicates amount equal to the revenue derived from tax rate to direct real property tax relief.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-16 | Assembly | Introduced, Referred to Assembly Budget Committee |
Same As/Similar To
SCR72 (Same As) 2016-02-16 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
ACR110 (Carry Over) 2014-02-06 - Introduced, Referred to Assembly Budget Committee
ACR110 (Carry Over) 2014-02-06 - Introduced, Referred to Assembly Budget Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2016/ACR150 |
| Text | https://pub.njleg.gov/Bills/2016/ACR/150_I1.HTM |
