NJ SCR95 | 2018-2019 | Regular Session
Note: Carry Foward to future SCR59
Note: Carry Over of previous SCR72
Note: Carry Over of previous SCR72
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 5 2018 - 25% progression, died in committee
Action: 2018-02-05 - 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 5 2018 - 25% progression, died in committee
Action: 2018-02-05 - 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% 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 |
|---|---|---|
| 2018-02-05 | 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
SCR72 (Carry Over) 2016-02-16 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
SCR72 (Carry Over) 2016-02-16 - 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/2018/SCR95 |
| Text | https://pub.njleg.gov/Bills/2018/SCR/95_I1.HTM |
