Budget & Taxes

in committee · New Jersey · General Assembly Jan 13, 2026

A 2243: Expands eligibility under New Jersey earned income tax credit program to allow taxpayers who are victims of domestic abuse to claim credit with filing status of married filing separately.

This bill (NJ A2243) expands New Jersey's Earned Income Tax Credit (EITC) eligibility to include married individuals who are victims of domestic abuse and file as "married filing separately." It exempts these taxpayers from the usual requirement to file jointly to qualify for the credit, provided they meet three conditions: living apart from their spouse, unable to file jointly due to abuse, and marking their tax return accordingly. The change directly affects domestic abuse survivors who would otherwise lose access to the state EITC by filing separately. The policy ensures these individuals can claim the credit without being forced to file jointly with an abuser.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands EITC eligibility to domestic abuse survivors, providing targeted tax relief to low-income individuals and aligning with EITC's purpose of supporting lower-income taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New Jersey · General Assembly Jan 13, 2026

A 981: Makes FY2025 supplemental appropriation of $8,000,000 to Monmouth County Open Space and Farmland Preservation Trust Fund to assist in the purchase of the Stein property in Upper Freehold Township, New Jersey.

This bill appropriates $8,000,000 from the Property Tax Relief Fund to Monmouth County's Open Space and Farmland Preservation Trust Fund. The funds are specifically designated to help purchase the Stein property in Upper Freehold Township, a historic Revolutionary War site. The funding supports permanent preservation of this farmland, preventing a proposed warehouse development that local residents and groups expressed concerns about affecting open space, water sources, and community quality.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $8M from Property Tax Relief Fund for farmland preservation, aligning with tax relief fund's purpose to fund conservation through existing budget allocation.90% confidence ✓ EnvironmentSupports EnvironmentFunds purchase of farmland to prevent warehouse development, preserving open space, water sources, and community quality per bill summary.95% confidence

Sub-Topics Appropriations Property Tax Conservation

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in committee · New Jersey · General Assembly Feb 19, 2026

A 4172: Provides gross income tax credit to certain totally and permanently disabled veterans for rent constituting property taxes.

This bill (A4172) creates a tax credit for New Jersey residents who are totally and permanently disabled veterans and pay rent for their primary residence. The credit equals rent payments that qualify as property taxes under existing law, reducing their gross income tax liability. To qualify, veterans must have a service-connected disability (e.g., paraplegia, blindness, or amputation) as certified by the U.S. Veterans Administration. Surviving spouses of eligible veterans may also claim the credit during their widowhood/widowerhood. The credit applies to rental housing occupied as a principal residence and is processed through the state tax authority.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing gross income tax liability for disabled veterans, qualifying as tax relief for lower-income group per topic indicators.95% confidence ✓ HousingSupports HousingProvides tax credit reducing rent costs for disabled veterans, increasing housing affordability for a vulnerable group.95% confidence ✓ VeteransSupports VeteransCreates tax credit reducing gross income tax for disabled veterans with service-connected disabilities, directly advancing benefits.95% confidence

Sub-Topics Income Tax Tax Credits Renters Veteran Education Veteran Healthcare Veteran Housing

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in committee · New Jersey · Senate Feb 9, 2026

SCR 96: Proposes constitutional amendment to increase amount of veterans' property tax deduction from $250 to $2,500 over four years.

SCR 96 proposes a constitutional amendment to increase New Jersey veterans' property tax deductions from $250 to $2,500 over four years. It directly affects honorably discharged veterans who are New Jersey residents, with the deduction amount rising incrementally: $1,000 in 2025, $1,500 in 2026, $2,000 in 2027, and $2,500 starting in 2028. The bill does not change eligibility but phases in the higher deduction amount annually. Surviving spouses of veterans and veterans in continuing care retirement communities would retain existing benefit structures under this amendment. This is a policy change to enhance property tax relief for veterans, not a new benefit.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases veterans' property tax deduction from $250 to $2,500, providing direct tax relief and reducing taxable income for eligible veterans, aligning with tax relief indicators.95% confidence ✓ VeteransSupports VeteransIncreases veterans' property tax deduction from $250 to $2,500 over four years, directly expanding financial benefits for honorably discharged veterans in NJ.95% confidence

Sub-Topics Property Tax Memorials & Recognition Veteran Education

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in committee · New Jersey · General Assembly Jan 13, 2026

A 149: Includes value of certain properties exempt from taxation in valuation used to calculate State school aid in SDA districts.

This bill changes how New Jersey calculates state school aid for SDA (formerly Abbott) school districts. It requires that the value of properties exempt from local property taxes (like those under the Long Term Tax Exemption Law) be included in the district's equalized property valuation when determining state aid. This means SDA districts located in municipalities with significant tax-exempt properties will have their local wealth measured more accurately, potentially adjusting the amount of state aid they receive.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill changes school aid calculation to include tax-exempt properties, likely reducing state aid for SDA districts with such properties, decreasing government spending on education.85% confidence

Sub-Topics Tax Incentives

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in committee · New Jersey · General Assembly Jan 13, 2026

A 643: Allows tax credits for employing members of NJ National Guard and members of reserve component of US Armed Forces.

This bill creates tax credits for New Jersey businesses that employ members of the New Jersey National Guard or reserve components of the U.S. Armed Forces. Employers receive a $1,500 credit per service member not on deployment, or $2,500 for those who have completed deployment or returned from activation. The credits apply to both the corporation business tax and gross income tax, with specific rules for partnerships and S corporations. It directly affects New Jersey businesses hiring these service members, providing financial incentives based on their deployment status.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits reducing business tax liability for hiring military personnel, providing targeted tax relief within state tax system.95% confidence ✓ VeteransSupports VeteransBill provides tax credits to employers hiring National Guard/reserve members, directly supporting veteran employment - a key veteran benefit category.95% confidence

Sub-Topics Business Taxes Income Tax National Guard & Reserve Veteran Employment

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3295: Provides CBT and gross income tax credit for certain capital investments in film production facility.

This bill proposes a 30% tax credit against New Jersey's corporation business tax and gross income tax for businesses making qualifying capital investments in film production facilities. It directly affects film production companies that invest at least $30 million in facilities meeting specific size requirements (50,000+ square feet with one sound stage) during the 2020-2028 period. Key provisions include allowing tax credits to be transferred to other businesses for private financial assistance (at minimum 75% of value), capping annual credits at $100 million total, and requiring facility approval by the New Jersey Economic Development Authority. The credit applies only to new investments meeting the size and cost thresholds, not to existing facilities or other tax benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 30% tax credit against corporate/business tax for film investments, directly advancing tax relief for qualifying businesses per bill's tax credit structure.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3411: Provides for regional economic and land use impact report and establishes review processes related to development of certain large warehouses; and requires related real property reassessments.

This bill requires New Jersey municipalities to conduct a regional impact study before approving large warehouse developments. It mandates that municipalities assess effects on traffic, environment, and community resources in the host municipality and neighboring areas. After approval, municipalities must reassess all property values to ensure fair tax revenue distribution across the community. The law directly affects developers seeking permits for large warehouses and local governments managing land use planning.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires property reassessment post-approval to ensure fair tax revenue distribution, directly promoting fiscal responsibility in budget management.90% confidence

Sub-Topics Revenue

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3193: Eliminates $375 minimum Corporation Business Tax on New Jersey S corporations with New Jersey gross receipts of less than $100,000.

This bill eliminates a $375 minimum tax for New Jersey S corporations with New Jersey gross receipts under $100,000 annually. It directly affects small New Jersey S corporations (pass-through business entities) that generate less than $100,000 in total revenue within the state. The key change removes the minimum tax obligation, meaning these businesses will pay no tax if their calculated tax liability is below $375, while other tax rules remain unchanged. This applies to S corporations with qualifying low gross receipts, not to other business types.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates $375 minimum tax for small S corps under $100k revenue, providing direct tax relief to small businesses. Aligns with support indicators of reducing tax burden on lower-income entities.95% confidence

Sub-Topics Business Taxes

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in committee · New Jersey · General Assembly Feb 19, 2026

A 4401: Permits municipalities to enter into shared service agreement for tax assessment.

This bill allows New Jersey municipalities to share a tax assessor through formal agreements under the "Uniform Shared Services and Consolidation Act" (P.L.2007, c.63). It permits two or more municipalities to jointly hire a tax assessor for property valuation, or for counties to assume tax assessment duties for all municipalities within the county. The law requires agreements to follow specific procedures and includes protections for tenured assessors who may be reassigned under shared service arrangements. This directly affects local governments seeking cost savings and operational flexibility in tax administration.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables cost-saving shared tax assessment services between municipalities, promoting fiscal efficiency in tax administration per the Uniform Shared Services Act.85% confidence

Sub-Topics Government Spending Property Tax

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