New Jersey S 3234: Allows deduction from tax of certain expenses when taxpayer's federal paycheck protection program loan is forgiven and excludes those forgiven loans from gross income tax.

Status: Approved P.L.2021, c.90. (as of 2021-05-11)

State: New Jersey · Session: 219 · Bill: S 3234

Subjects: BUS TAXES, INCOME TAX, TAXATION

Sponsors: Benson, Daniel R., Bucco, Anthony M., Greenwald, Louis D., Johnson, Gordon M., Sarlo, Paul A., Singleton, Troy, Bergen, Brian, Dancer, Ronald S., DiMaso, Serena, Greenstein, Linda R., Holzapfel, James W., Karabinchak, Robert J., Murphy, Carol A., O'Scanlon, Declan J., Oroho, Steven V., Pou, Nellie, Reynolds-Jackson, Verlina, Singleton, Troy, Stanley, Sterley S., Thomson, Edward H., Vainieri Huttle, Valerie

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