Budget & Taxes (Income Tax)

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

A 885: Provides $5,000 gross income tax deduction for taxpayers who incur certain commuter expenses.

This bill creates a $5,000 annual gross income tax deduction for New Jersey taxpayers who pay tolls for commuting by car to work within New Jersey or a neighboring state. It specifically covers toll payments for daily commutes but excludes fines, administrative fees, employer reimbursements, and expenses already deductible under federal or state business rules. The deduction applies in addition to existing tax breaks like the $1,000 personal exemption. It would take effect for taxable years starting after the law's enactment date.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $5,000 tax deduction for commuter tolls, reducing taxable income for middle-income taxpayers and aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax

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

A 3565: Provides corporation business tax credits and gross income tax credits for purchase of certain compressed natural gas vehicles.

This bill provides tax credits to New Jersey businesses and individuals for purchasing compressed natural gas (CNG) vehicles. Businesses can claim credits up to $3,500 (2023), $2,500 (2024), or $1,500 (2025) for standard CNG vehicles, and up to $25,000 (2023), $15,000 (2024), or $7,500 (2025) for Class 8 CNG trucks. Individuals may claim credits up to $3,500 (2023), $2,500 (2024), or $1,500 (2025) for personal CNG vehicles under the gross income tax system. To qualify, purchasers must obtain certification from the Environmental Protection Commissioner confirming the vehicle’s CNG use, and unused credits can be carried forward for up to seven years.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits for CNG vehicle purchases, reducing tax burden for businesses and individuals under New Jersey's tax system.95% confidence ✗ EnergyOpposes EnergyBill promotes fossil fuel (CNG) vehicle adoption via tax credits, favoring fossil fuels over renewable energy alternatives per topic indicators.85% confidence ✓ EnvironmentSupports EnvironmentIncentivizes cleaner transportation by promoting CNG vehicle adoption, which reduces emissions compared to conventional fuels per bill's tax credit structure.90% confidence ✓ TransportationSupports TransportationProvides tax credits for CNG vehicle purchases, directly promoting sustainable transportation adoption per bill summary.90% confidence

Sub-Topics Business Taxes Income Tax Procurement Oil & Gas Electric Vehicles

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

A 3617: Provides gross income tax credit for certain taxpayers who pay tuition costs for nurse aide in long-term care facilities training program.

This bill creates a $1,000 refundable tax credit for New Jersey taxpayers (or their dependents) who pay tuition for approved nurse aide training programs. To qualify, individuals must complete the training - based on the state's curriculum and approved by the Department of Health - and work 12 consecutive months as a Certified Nursing Aide (CNA) at a licensed long-term care facility. The credit is claimed in the tax year following this employment requirement and reduces tax liability, with any unused portion refunded if it brings tax owed to zero. It directly supports people entering the CNA workforce, aiming to address staffing shortages in nursing homes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit ($1,000) reducing tax liability for qualifying taxpayers, aligning with tax relief for lower/middle income and funding workforce development in healthcare.95% confidence ✓ HealthcareSupports HealthcareBill provides tax credit to incentivize nurse aide training for long-term care facilities, directly supporting healthcare workforce development and improving access to long-term care services.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides $1,000 tax credit for nurse aide training and employment, supporting workforce development in healthcare labor sector.85% confidence

Sub-Topics Income Tax Tax Credits Healthcare Workforce Long-Term Care

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

A 1487: Provides gross income tax credits to support development of New Jersey-based small business start-ups.

This bill provides tax credits to New Jersey-based small businesses during their first three years of operation. It directly affects qualifying startups that are registered in New Jersey, maintain most operations within the state, have no more than 50 employees, and earn under $100,000 net income in their first taxable year. The credit reduces the business's gross income tax liability by 75% in year one, 50% in year two, and 25% in year three. Businesses must apply for approval from the state director to claim these credits, ensuring they aren't using the credit to offset taxes from other unrelated businesses.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits reducing liability for small businesses, directly offering tax relief to qualifying startups under $100k net income.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Tags Small Business

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

A 2486: Requires development of online tax training for small and micro-businesses.

This New Jersey bill (A 2486) requires the Division of Taxation to create and maintain a free, online training program specifically for small and micro-businesses. The program will teach how to file and pay state taxes, including corporation business tax, gross income tax, and sales tax. It must be updated as tax laws change and made available on the Division's website. The bill directly affects small and micro-business owners who need help navigating state tax filing processes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides free tax training to improve business compliance, promoting efficient tax collection and fiscal responsibility within state tax administration.90% confidence

Sub-Topics Business Taxes Income Tax Sales Tax

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

A 2442: Indexes for inflation various thresholds and qualifications under New Jersey gross income tax.

This bill adjusts several New Jersey income tax thresholds and qualification limits annually for inflation. It directly affects taxpayers who qualify for tax exemptions (like those with low income) or deductions (such as for education savings, student loans, or tuition payments). Starting in 2022, the thresholds will automatically increase each year using the Chained Consumer Price Index, rounded to the nearest $5. This ensures the income limits keep pace with rising costs without requiring new legislation each year.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdjusts tax thresholds for inflation to prevent unintended tax hikes for low-income filers, providing automatic relief without new legislation.95% confidence

Sub-Topics Income Tax

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

A 3796: Establishes loan redemption program and gross income tax credit for mental health professionals who serve children and adolescents.

This bill proposes a program to help mental health professionals working with children and adolescents in New Jersey reduce student loan debt. Licensed mental health professionals who live in New Jersey, work full-time providing counseling to youth, and have qualifying student loan debt can receive up to $1,000 annually toward their loans (for up to 4 years) or claim a $1,000 tax credit against their state income tax. To qualify, participants must maintain residency, employment in qualifying roles, and provide proof of loan balance and service each year. The program aims to support mental health workforce development by easing financial burdens for professionals serving young people.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing state tax burden for qualifying mental health professionals, aligning with tax relief for public service workers.95% confidence ✓ HealthcareSupports HealthcareProvides financial incentives (loan relief/tax credit) for mental health professionals serving children/adolescents, directly expanding access to mental health services.95% confidence

Sub-Topics Income Tax Tax Credits Mental Health

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

A 3824: Expands eligibility for pension and retirement income exclusion to taxpayers with incomes exceeding $150,000, and increases amount of exclusion that qualifying taxpayers may claim.

This bill (A 3824) would expand New Jersey's pension and retirement income tax exclusion to include taxpayers with incomes above $150,000. Currently, the exclusion phases out for those earning over $150,000, but this bill would allow taxpayers with income between $150,000 and $300,000 to claim 50% of the exclusion amount for the portion of income within that range. It directly affects New Jersey residents aged 62+ or with permanent disabilities who receive pension or retirement benefits. The change would increase the maximum exclusion amount for qualifying taxpayers, moving it from $150,000 to $300,000 in taxable income.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax exclusion for retirees, reducing taxable income for $150k-$300k earners, providing tax relief per bill's explicit tax policy change.95% confidence

Sub-Topics Income Tax Pensions

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

A 3616: Provides corporation business tax credits and gross income tax credits to small business employers and farm employers for increases in certain mandatory employer contributions.

This bill provides tax credits to small business employers (under 25 employees and $1 million annual revenue) and farm employers in New Jersey for increased costs of mandatory insurance. Specifically, it credits businesses for the difference between their current-year expenses on workers' compensation, temporary disability, and unemployment insurance versus what they paid in the prior year. The credit is capped at $12,000 annually per business and applies to both corporation business tax and gross income tax filings. The program runs from 2020 through 2029, helping qualifying small employers offset rising insurance costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides targeted tax credits to small businesses for increased insurance costs, reducing their tax burden and supporting fiscal responsibility within state tax policy.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits for mandatory worker insurance costs (comp, disability, unemployment), supporting employer compliance with labor protections without reducing benefits.95% confidence

Sub-Topics Business Taxes Income Tax Unemployment Workers' Compensation Tags Small Business

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

A 4359: Provides corporation business and gross income tax credit for employment of persons who have experienced job loss due to automation.

This bill creates a tax credit for New Jersey businesses that hire workers displaced by automation. Businesses with headquarters in New Jersey can claim a credit equal to 10% of the wages paid to each qualifying employee (capped at $2,500 per employee per tax year), provided the employee was previously laid off due to automation and is retained for at least seven months. The credit applies to both corporation business tax and gross income tax, and the bill defines "automation" as systems replacing human labor without continuous human input. It directly affects New Jersey employers and workers who lost jobs to automation, particularly in counties like Ocean County where many high-risk jobs exist.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing business tax liability for hiring automation-displaced workers, aligning with fiscal support measures for workforce development.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit to hire workers displaced by automation, directly supporting employment for affected workers and incentivizing job creation in labor market transition.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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