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NJ A981
Bill
Status
Introduced
1/9/2024
Primary Sponsor
Nancy Munoz
Click for details
AI Summary
- Excludes from New Jersey gross income tax any amounts received by victims of gender-based workplace discrimination through legal claims, lawsuits, or settlement agreements
- Applies to awards received as lump sum or periodic payments for unlawful discrimination based on gender in compensation, terms, conditions, or privileges of employment
- Covers claims under federal, state, or local civil rights laws, as well as employment-related claims including wages, severance, overtime, benefits, and breach of contract
- Intended to prevent victims from being pushed into higher tax brackets when receiving lump-sum compensation for years of underpayment
- Takes effect immediately and applies to taxable years beginning after enactment
Legislative Description
Providing gross income tax exclusion for awards for unlawful gender-based compensation discrimination.
Judiciary
Last Action
Introduced, Referred to Assembly Judiciary Committee
1/9/2024
Committee Referrals
Judiciary1/9/2024
Full Bill Text
No bill text available