Provides that state lottery and video lottery gaming individual prizes in excess of one million dollars when aggregated exceeds twenty-five percent of a district's adjusted gross income shall be excluded from such district's adjusted gross income for the year.
Individual adjusted gross income tax.
Relates to sports wagers placed in video lottery gaming facilities.
Relates to sports wagers placed in video lottery gaming facilities.
Excludes all New Jersey Lottery winnings from gross income tax and eliminates related withholding requirements.
Allows for a one-time two percent (2%) supplemental cost of living adjustment for plan year 2025 to the public pension benefits administered by the ERSRI, and allows for those benefits to be deducted from the taxpayer's adjusted gross income.
Allows for a one-time two percent (2%) supplemental cost of living adjustment for plan year 2025 to the public pension benefits administered by the ERSRI, and allows for those benefits to be deducted from the taxpayer's adjusted gross income.
Individual adjusted gross income tax rate.
Changing distribution of income from excess lottery fund
Changing distribution of income from excess lottery fund