Budget & Taxes

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

A 663: Provides gross income tax credit for certain tolls paid via E-ZPass.

Bill A-663 provides a New Jersey gross income tax credit of up to $1,000 per year for taxpayers who pay more than $1,000 in E-ZPass tolls on state toll roads during a taxable year. It directly affects commuters who use electronic toll collection (E-ZPass) and incur significant toll expenses, excluding fines, administrative fees, or tolls reimbursed by employers. The credit is calculated by subtracting the $1,000 threshold from total eligible tolls paid, with any unused credit refunded as an overpayment. The bill applies to taxable years beginning January 1, 2020, and explicitly excludes tolls already deductible for federal tax purposes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit (up to $1,000) for E-ZPass toll expenses, directly reducing taxable income for commuters, aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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

A 3713: Provides CBT credit for development of anaerobic digestion facilities that process food waste.

This bill creates a tax credit for New Jersey businesses that develop and construct anaerobic digestion facilities processing food waste. Taxpayers can claim a credit equal to 50% of facility development costs, capped at $250,000 per facility, for six years. The total tax credits awarded statewide cannot exceed $15 million, and the credit applies against the corporation business tax. The bill defines "food waste" to include processing residues and used cooking oils but excludes donated food or consumer waste.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit (capped at $250k/facility) for business facility development, reducing tax liability and incentivizing green infrastructure through fiscal policy.90% confidence ✓ EnergySupports EnergyTax credit for anaerobic digestion facilities processing food waste into renewable biogas, advancing clean energy infrastructure and renewable energy development.95% confidence ✓ EnvironmentSupports EnvironmentTax credit incentivizes anaerobic digestion of food waste, reducing landfill methane emissions and promoting sustainable waste management, directly advancing environmental protection goals.95% confidence

Sub-Topics Business Taxes Tax Credits

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

A 1432: Establishes disabled veteran tenant gross income tax credit.

This bill establishes a nonrefundable tax credit for disabled veterans in New Jersey who rent residential property. It allows qualifying disabled veterans to claim a credit of up to $1,000 annually for the portion of their rent that covers property taxes (calculated as 18% of rent paid). Married veterans filing separately each receive half the credit, and veterans sharing housing with non-spouses can only claim credit for their own rent payments. The credit applies in addition to existing rent tax credits for seniors or other disabled renters.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for disabled veterans to reduce rent-related tax burden, providing targeted tax relief for a vulnerable group.95% confidence ✓ HousingSupports HousingProvides tax credit reducing rent burden for disabled veterans, directly advancing affordable housing access for vulnerable tenants.90% confidence ✓ VeteransSupports VeteransEstablishes tax credit expanding financial benefits for disabled veterans' housing costs, directly advancing veteran support through tax relief.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 5, 2026

S 3330: Concerns local taxation of business personal property of local exchange telephone companies.

This bill clarifies New Jersey's tax law for telecommunications companies' business personal property. It specifies that the requirement for companies to provide dial tone to 51% of a local telephone exchange applies only as of April 1, 1997 - not annually - ending costly yearly legal disputes over tax assessments. The bill also mandates that telecommunications carriers (including successors to historical monopolists) pay business personal property taxes to municipalities where their equipment is located. Additionally, it requires winning municipalities to recover attorney fees from companies that appeal these taxes. This directly affects telecom companies operating in New Jersey and the municipalities taxing their property.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates telecom carriers to pay business personal property taxes to municipalities, ending disputes and ensuring consistent tax revenue for local budgets, promoting fiscal responsibility in tax collection.90% confidence

Sub-Topics Business Taxes

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

A 263: Requires Director of Division of Taxation to include sales of properties in age-restricted developments by third parties in table of equalized valuations.

This bill amends New Jersey law to require the Director of the Division of Taxation to include sales of properties in age-restricted communities sold by third parties (such as guardians, executors, or trustees) in the table of equalized valuations used for tax assessments. It directly affects residents of age-restricted communities, as current rules exclude these sales from valuation calculations due to their non-market nature. The key change mandates that such third-party sales be counted as part of the data determining fair market value for property tax purposes. This adjustment aims to ensure assessments better reflect actual market conditions for these properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates inclusion of third-party property sales in tax valuations, closing a loophole that previously excluded non-market sales, promoting fairer tax assessment and fiscal responsibility.85% confidence

Sub-Topics Property Tax

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

A 748: Allows corporation business tax and gross income tax credits to businesses employing qualified ex-offenders.

This bill provides New Jersey businesses with tax credits for hiring qualified ex-offenders. Specifically, it allows a 15% credit against corporation business tax and gross income tax for wages paid to eligible individuals, capped at $900 per employee per year. A "qualified ex-offender" is defined as someone convicted of a first-, second-, third-, or fourth-degree crime in New Jersey who was hired within one year of conviction or release from incarceration. The credit cannot exceed 50% of the tax liability and may be carried forward if unused in the current year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credits reducing business tax burden, aligning with tax relief and fiscal policy goals for workforce development.95% confidence ✓ Criminal JusticeSupports Criminal JusticeTax credits incentivize hiring ex-offenders, reducing recidivism and supporting reentry programs - core criminal justice reform goals.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits to incentivize hiring ex-offenders, directly expanding employment opportunities for a marginalized workforce and aligning with labor support indicators.95% confidence

Sub-Topics Business Taxes Income Tax Corrections

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

A 420: Provides gross income tax credit to qualified caregivers for care and support expenses incurred for qualifying relative or individual with disabilities.

This New Jersey bill creates a state tax credit of up to $2,500 annually for residents who provide care to a qualifying relative (a relative aged 65 or older, or 50 or older with a disability meeting income limits) or to any individual with a disability. The credit covers expenses like medical equipment, home modifications, in-home care services, and transportation for medical care. Caregivers must submit documentation including receipts, proof of payment, and verification of care to claim the credit. Any unused credit amount that reduces tax liability to zero is refunded as an overpayment.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $2,500 annual tax credit for caregivers, providing direct tax relief to middle/lower income residents for essential care expenses. Aligns with tax relief indicators for fiscal support.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for medical expenses (equipment, transport) supporting caregivers of disabled/elderly, advancing access to healthcare services.95% confidence

Sub-Topics Income Tax Tax Credits Long-Term Care

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

A 4100: Concerns certain streaming services and public broadcasting funding.

This bill requires streaming services earning over $250,000 annually in New Jersey to pay a 5% tax on their gross receipts. The revenue funds a new "Streaming Entertainment Fund" managed by the New Jersey Board of Public Utilities. The fund supports public broadcasting and non-commercial public, educational, and governmental channels - like community information, school programming, and emergency alerts - without advertising or cable operator control. It excludes traditional cable services and defines "streaming services" as subscription-based entertainment delivered via public rights-of-way.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes 5% tax on streaming services to fund public broadcasting via new 'Streaming Entertainment Fund', directly advancing public service funding through taxation.95% confidence ✓ EducationSupports EducationBill creates fund specifically for 'school programming' in public broadcasting, directly advancing educational content delivery without advertising or cable control.95% confidence

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

A 712: Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.

This bill prevents reductions in New Jersey state school aid for specific districts affected by declining property values. It protects school districts in Atlantic, Cape May, Monmouth, and Ocean Counties (classified as fifth or sixth class) if their equalized property valuation for the current budget year is lower than it was in 2012-2013. The bill ensures these districts' total state aid remains at least as high as their 2017-2018 level, excluding certain aid types like preschool, special education, school choice, and debt service. The policy directly affects public school funding in coastal communities still recovering from Superstorm Sandy's property value impacts. The change takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents state school aid cuts for districts with declining property values, maintaining funding levels. Aligns with protecting public education spending under state budget appropriations.95% confidence ✓ EducationSupports EducationPrevents state school aid reductions for specific districts with declining property values, maintaining K-12 funding levels to protect educational resources and stability.95% confidence

Sub-Topics Debt & Bonds Early Childhood School Choice School Funding

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

A 1181: Provides for voluntary contributions by taxpayers to General Fund on gross income tax return.

This bill would allow New Jersey taxpayers to voluntarily contribute to the state's General Fund when filing their gross income tax return. Taxpayers could choose to direct part of their tax refund or add a separate contribution, with administrative costs deducted before net funds are deposited into the General Fund. The General Fund is the primary account for most state revenues, funding essential government operations and appropriations. The bill requires the Division of Taxation to implement this option on tax forms for taxable years beginning after its enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows voluntary taxpayer contributions to General Fund, increasing state revenue for essential operations without mandatory tax increases.95% confidence

Sub-Topics Income Tax State Budget

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