New Jersey S 2370: Authorizes operation of lottery courier services.
Status: Approved P.L.2017, c.11. (as of 2017-02-06)
State: New Jersey · Session: 217 · Bill: S 2370
Subjects: LOTTERIES
Sponsors: Burzichelli, John J., Whelan, Jim
Bill Text
S2370 SENATE, No. 2370 STATE OF NEW JERSEY 222nd LEGISLATURE � PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION Sponsored by: Senator ANTHONY M. BUCCO District 25 (Morris and Passaic) Co-Sponsored by: Senators Sarlo, Holzapfel, Testa, Singleton, Space, Corrado and Amato SYNOPSIS ���� Indexes for inflation taxable income brackets under New Jersey gross income tax. CURRENT VERSION OF TEXT ���� Introduced Pending Technical Review by Legislative Counsel. �� An Act indexing for inflation the taxable income brackets under the New Jersey gross income tax, amending N.J.S.54A:2-1. ���� Be It Enacted by the Senate and General Assembly of the State of New Jersey: ���� 1.��� N.J.S.54A:2-1 is amended to read as follows: ���� 54A:2-1.���� Imposition of tax.� There is hereby imposed a tax for each taxable year (which shall be the same as the taxable year for federal income tax purposes) on the New Jersey gross income as herein defined of every individual, estate or trust (other than a charitable trust or a trust forming part of a pension or profit-sharing plan), subject to the deductions, limitations and modifications hereinafter provided, determined in accordance with the following tables with respect to taxpayers' taxable income: ���� a.���� For married individuals filing a joint return and individuals filing as head of household or as surviving spouse for federal income tax purposes: ���� (1)�� for taxable years beginning on or after January 1, 1991 but before January 1, 1994: If the taxable income is:��������� The tax is: Not over $20,000.00..........���� 2% of taxable income Over $20,000.00 but not �� over $50,000.00.............���� $400.00 plus 2.5% of the ������������������������������������������������ excess over $20,000.00 Over $50,000.00 but not �� over $70,000.00..............��� $1,150.00 plus 3.5% of the ������������������������������������������������ excess over $50,000.00 Over $70,000.00 but not �� over $80,000.00..............��� $1,850.00 plus 5.0% of the ������������������������������������������������ excess over $70,000.00 Over $80,000.00 but not �� over $150,000.00.............��� $2,350.00 plus 6.5% of the ������������������������������������������������� excess over $80,000.00 Over $150,000.00...............��� $6,900.00 plus 7.0% of the �������������������������������������������������� excess over $150,000.00 ���� (2)�� for taxable years beginning on or after January 1, 1994 but before January 1, 1995: If the taxable income is:��������� The tax is: Not over $20,000.00..............� 1.900% of taxable income Over $20,000.00 but not �� over $50,000.00................� $380.00 plus 2.375% of the ������������������������������������������������ excess over $20,000.00 Over $50,000.00 but not �� over $70,000.00..............��� $1,092.50 plus 3.325% of the ������������������������������������������������ excess over $50,000.00 Over $70,000.00 but not �� over $80,000.00..............��� $1,757.50 plus 4.750% of the ������������������������������������������������ excess over $70,000.00 Over $80,000.00 but not �� over $150,000.00.............��� $2,232.50 plus 6.175% of the ������������������������������������������������� excess over $80,000.00 Over $150,000.00 .............���� $6,555.00 plus 6.650% of the ������������������������������������������������� excess over $150,000.00 ���� (3)�� for taxable years beginning on or after January 1, 1995 but before January 1, 1996:� If the taxable income is:��������� The tax is: Not over $20,000.00.............�� 1.700% of taxable income Over $20,000.00 but not �� over $50,000.00................� $340.00 plus 2.125% of the ������������������������������������������������ excess over $20,000.00 Over $50,000.00 but not �� over $70,000.00..............��� $977.50 plus 2.975% of the ������������������������������������������������ excess over $50,000.00 Over $70,000.00 but not �� over $80,000.00..............��� $1,572.50 plus 4.250% of the ������������������������������������������������ excess over $70,000.00 Over $80,000.00 but not �� over $150,000.00.............��� $1,997.50 plus 6.013% of the ������������������������������������������������� excess over $80,000.00 Over $150,000.00 .............���� $6,206.60 plus 6.580% of the ������������������������������������������������� excess over $150,000.00 ���� (4)�� for taxable years beginning on or after January 1, 1996 but before January 1, 2004: If the taxable income is:��������� The tax is: Not over $20,000.00............��� 1.400% of taxable income Over $20,000.00 but not �� over $50,000.00................� $280.00 plus 1.750% of the ������������������������������������������������ excess over $20,000.00 Over $50,000.00 but not �� over $70,000.00..............��� $805.00 plus 2.450% of the ������������������������������������������������ excess over $50,000.0
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