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NJ S1192

Bill

Official Source

Status

Introduced

1/9/2024

Primary Sponsor

Raj Mukherji

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Excludes up to $100,000 per taxable year from New Jersey gross income tax for compensation earned by college athletes for use of their name, image, or likeness (NIL)
  • Applies only to student-athletes participating in intercollegiate athletics at four-year institutions of higher education located in New Jersey
  • NIL compensation must be earned pursuant to the "New Jersey Fair Play Act" (P.L.2020, c.83) to qualify for the exclusion
  • Takes effect immediately upon enactment and applies to taxable years beginning on or after January 1 of the following year
  • Sponsored by Senators Kristin M. Corrado (District 40) and Joseph A. Lagana (District 38) for the 2026 legislative session

Legislative Description

Requires prescription drug coverage for serious mental illness without prior authorization or utilization management, including step therapy.

2nd Reading in the Senate

Last Action

Senate Amendment (Voice) (Ruiz)

3/24/2025

Committee Referrals

Budget and Appropriations5/13/2024
Commerce1/9/2024

Full Bill Text

No bill text available