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NJ A3434

Bill

Status

Introduced

2/1/2024

Primary Sponsor

Cody Miller

Click for details

Origin

General Assembly

2024-2025 Regular Session

AI Summary

  • Taxpayers with annual gross income of $85,000 or less may deduct tuition and fee expenses from their New Jersey gross income tax
  • The deduction applies to tuition and fees paid for the taxpayer, their spouse, or their dependents enrolled as matriculated students
  • Eligible institutions include public or independent colleges and universities accredited by a nationally recognized accrediting agency recognized by the U.S. Secretary of Education
  • The deduction takes effect immediately and applies to taxable years beginning after the enactment date

Legislative Description

Allows a gross income tax deduction for certain higher education tuition and fee expenses.

Higher Education

Last Action

Introduced, Referred to Assembly Higher Education Committee

2/1/2024

Committee Referrals

Higher Education2/1/2024

Full Bill Text

No bill text available