New Jersey Senator Introduces Millionaire's Tax Bill

 – February 18, 2020
New Jersey Senator Introduces Millionaire

New Jersey Senator Shirley Turner (District 15) has introduced legislation that would increase the gross income tax rate on income exceeding $1,000,000 and dedicate revenue from tax rate increase for direct real property tax relief for taxpayers.

This bill increases the rate of the New Jersey gross income tax for taxpayers with taxable incomes exceeding $1,000,000 in taxable years beginning on or after Jan. 1, 2020, from 8.97 percent to 10.75 percent.

The bill also dedicates the gross income tax revenue collected from the "millionaires" tax increase for annual real property tax relief to be provided directly to real property taxpayers. 

View the bill 

 

 

Related events

April 3, 2020Webcast
April 9, 2020Webcast
April 13, 2020Webcast
April 17, 2020Webcast
April 20, 2020Webcast
April 21, 2020Webcast
April 24, 2020Webcast
April 27, 2020Webcast
May 6, 2020Webcast
May 13, 2020Webcast
May 14, 2020Warren
Middlesex/Somerset Chapter
CFO/Controllers Breakfast Forum
May 15, 2020Hackensack
May 15, 2020Webcast
May 20, 2020Webcast
May 26, 2020Webcast
June 11, 2020Warren
Middlesex/Somerset Chapter
CFO/Controllers Breakfast Forum
June 16-19, 2020Atlantic City
June 30, 2020Webcast
July 16, 2020Paramus
July 16, 2020Webcast
July 21, 2020Webcast
July 24, 2020Webcast
August 20, 2020Webcast
August 24, 2020Webcast
August 26, 2020Webcast
August 27, 2020Webcast
September 15, 2020Webcast
September 16, 2020Marlton
Southwest Jersey Chapter
New Jersey Law and Ethics
October 15, 2020Webcast
October 19, 2020Webcast
October 21, 2020Paramus
October 21, 2020Webcast
October 22, 2020Webcast
October 23, 2020Webcast & Location TBD
November 5, 2020Webcast
November 10, 2020Webcast & Edison
November 10, 2020Location TBD
November 11, 2020West Windsor
November 17, 2020Webcast & Location TBD
November 18, 2020Webcast
November 19, 2020Webcast
November 23, 2020Webcast
November 24, 2020Webcast
November 30, 2020Webcast
December 3, 2020Webcast & Location TBD
December 8, 2020Paramus
December 8, 2020Marlton
Southwest Jersey Chapter
New Jersey Law and Ethics
December 9, 2020Webcast
December 14, 2020Webcast
December 22, 2020Webcast
January 21, 2021Webcast
January 25, 2021Webcast
January 28, 2021Webcast
February 18, 2021Webcast
February 22, 2021Webcast
February 24, 2021Webcast
April 22, 2021Webcast
April 26, 2021Webcast
April 29, 2021Webcast
May 20, 2021Webcast
May 24, 2021Webcast
May 27, 2021Webcast
June 15-18, 2021Atlantic City