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NJ A4455
Bill
Status
Passed
6/30/2025
Primary Sponsor
Roy Freiman
Click for details
AI Summary
- Exempts from New Jersey gross income tax any net gains from the sale, exchange, or disposition of qualified small business stock
- The exemption applies to the same extent that such gains are exempt from federal taxation under Internal Revenue Code Section 1202
- Takes effect immediately and applies to taxable years beginning on or after January 1 following enactment
- Signed into law as Chapter 67, approved June 30, 2025
Legislative Description
Allows exemption from New Jersey gross income of certain capital gains from sale or exchange of qualified small business stock.
Bills and Joint Resolutions Signed by the Governor
Last Action
Approved P.L.2025, c.67.
6/30/2025
Committee Referrals
Appropriations3/20/2025
State and Local Government3/6/2025
Commerce, Economic Development and Agriculture Committee6/3/2024
Full Bill Text
No bill text available