New Jersey Assembly Bill 1850: Sets flat gross income tax rate at 5.9 percent tax for all taxable income over $37,500 or $75,000, depending on filing status; exempts taxpayers with less income from gross income tax.

New Jersey · 2026-2027 Regular Session

What it does

Sets flat gross income tax rate at 5.9 percent tax for all taxable income over $37,500 or $75,000, depending on filing status; exempts taxpayers with less income from gross income tax.

Latest action

Introduced, Referred to Assembly Commerce and Economic Development Committee (2026-01-13)

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