Re-establishes 6.37 percent as top marginal gross income tax rate.
This bill restores the 6.37% top marginal income tax rate for New Jersey residents earning over $150,000 annually. It specifically amends tax code section 54A:2-1 to re-establish this rate, which was in effect during 1996-2004. The provision applies to taxable income above $150,000 for individuals filing as single, head of household, or married filing jointly. The bill does not change other tax brackets or thresholds, only reinstating this specific rate for high-income earners.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly Commerce and Economic Development Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jay Webber
RRepublican
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