S 2949 New Jersey Senate · 2020-2021 Regular Session

Increases gross income tax rate from 8.97 percent to 10.75 percent on income between $1,000,000 and $5,000,000, and provides up to $500 tax rebate to eligible taxpayers.

Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2020
Committee Review
Floor Vote
Governor
Introduced Sep 21, 2020 Last action Sep 24, 2020
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
1
Committee
1
Sep 21, 2020
Upper · Passed
Reported out of Senate Committee, 2nd Reading
upper
Sep 21, 2020
Introduced
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
upper
2 primary · 2 co-sponsors

Sponsors