NJ S2918 | 2014-2015 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on May 7 2015 - 25% progression, died in chamber
Action: 2015-06-25 - Substituted by A4602
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 four-year-period and restores the State earned income tax credit to 25 percent of the federal credit.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Raises the gross income tax rate on taxable income exceeding $1,000,000 to 10.75 percent for a temporary four-year-period and restores the State earned income tax credit to 25 percent of the federal credit.

Sponsors


Roll Calls

2015-06-23 - Senate - Senate Budget and Appropriations Committee: Reported Favorably (Y: 8 N: 5 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2015-06-25SenateSubstituted by A4602
2015-06-22SenateReported from Senate Committee, 2nd Reading
2015-05-07SenateIntroduced in the Senate, Referred to Senate Budget and Appropriations Committee

Same As/Similar To

S2263 (Same As) 2014-06-26 - Substituted by A3485
A4602 (Same As) 2015-07-06 - Approved P.L.2015, c.73.

Subjects


New Jersey State Sources


Bill Comments

feedback