NJ SCR59 | 2020-2021 | Regular Session
Note: Carry Over of previous SCR95
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 10 2020 - 25% progression, died in committee
Action: 2020-02-10 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
Pending: Senate Budget and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 10 2020 - 25% progression, died in committee
Action: 2020-02-10 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
Pending: Senate Budget and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends State Constitution to provide 10.75 percent marginal personal income tax rate on annual taxable income exceeding $1 million; dedicates amount equal to the revenue derived from tax rate to direct real property tax relief.
Title
Amends State Constitution to provide 10.75 percent marginal personal income tax rate on annual taxable income exceeding $1 million; dedicates amount equal to the revenue derived from tax rate to direct real property tax relief.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-10 | Senate | Introduced in the Senate, Referred to Senate Budget and Appropriations Committee |
Same As/Similar To
SCR95 (Carry Over) 2018-02-05 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2020/SCR59 |
| Text | https://pub.njleg.gov/Bills/2020/SCR/59_I1.HTM |
