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NJ A1212

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Alexander Schnall

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Expands the NJBEST (New Jersey Better Educational Savings Trust) matching grant program to allow multiple initial deposits to qualify for dollar-for-dollar matching, rather than only the first deposit
  • Maintains the existing $750 maximum cap on total matching grants per account
  • Eligibility remains limited to taxpayers with gross income of $75,000 or less when opening a new NJBEST account
  • Amends P.L.2021, c.128 and takes effect immediately upon enactment

Legislative Description

Modifies matching grant criteria for New Jersey Better Educational Savings Trust accounts.

Higher Education

Last Action

Introduced, Referred to Assembly Higher Education Committee

1/13/2026

Committee Referrals

Higher Education1/13/2026

Full Bill Text

No bill text available