New Jersey Senate Bill 2025: Increases gross income tax relief based on rent constituting property taxes for residential tenants and establishes refundable gross income tax credit in place of gross income tax deduction for residential tenants.

New Jersey · 2026-2027 Regular Session

What it does

Increases gross income tax relief based on rent constituting property taxes for residential tenants and establishes refundable gross income tax credit in place of gross income tax deduction for residential tenants.

Latest action

Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (2026-01-13)

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