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NJ S1200

Bill

Official Source

Status

Introduced

1/9/2024

Primary Sponsor

James Beach

Click for details

Origin

Senate

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 covers tuition and fees paid for the taxpayer, their spouse, and their dependents who are 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 date of enactment

Legislative Description

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

Budget and Appropriations

Last Action

Referred to Senate Budget and Appropriations Committee

6/10/2024

Committee Referrals

Budget and Appropriations6/10/2024
Higher Eduction1/9/2024

Full Bill Text

No bill text available