New Jersey 2024-2025 Regular Session

New Jersey Senate Bill S792

Introduced

1/9/24

Refer

1/9/24

Indexes for inflation taxable income brackets under New Jersey gross income tax.

Same As Indexes for inflation taxable income brackets under New Jersey gross income tax.

Carry Over Indexes for inflation taxable income brackets under New Jersey gross income tax.

Carry Over Indexes for inflation taxable income brackets under New Jersey gross income tax.

Reduces gross income tax rates by ten percent over three years.

Reduces gross income tax rates by ten percent over three years.

Reduces gross income tax rates by ten percent over three years.

Reduces gross income tax rates by ten percent over three years.

Re-establishes 6.37 percent as top marginal gross income tax rate.

Re-establishes 6.37 percent as top marginal gross income tax rate.

Revises gross income tax rates for joint filers and similar taxpayers and designated as Marriage Penalty Elimination Act.

Revises gross income tax rates for joint filers and similar taxpayers and designated as Marriage Penalty Elimination Act.