NJ S2284

Imposes a $0.0025 (quarter-cent) tax on each financial transaction processed through electronic infrastructure located in New Jersey

Applies only to persons or entities processing 10,000 or more financial transactions annually through New Jersey-based electronic infrastructure

Covers transactions involving stocks, futures contracts, options contracts, swap contracts, credit default swaps, derivatives, and other financial securities

Each transaction can only be taxed once; if multiple entities process the same transaction, only the first processor using New Jersey infrastructure pays the tax

Tax must be filed and paid monthly, with the law taking effect 90 days after enactment