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NJ S3311
Bill
Status
2/5/2026
Primary Sponsor
Carmen Amato
Click for details
AI Summary
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Replaces New Jersey's current progressive gross income tax structure with a flat 5.9% tax rate on taxable income exceeding certain thresholds, effective January 1, 2027
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Exempts married couples filing jointly, heads of household, and surviving spouses with taxable income of $75,000 or less from gross income tax entirely
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Exempts single filers, married individuals filing separately, and estates/trusts with taxable income of $37,500 or less from gross income tax
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Eliminates the current multi-bracket system with rates ranging from 1.4% to 10.75% that applies to different income levels up to $1,000,000+
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Sponsored by Senator Carmen F. Amato, Jr. (District 9, Ocean County) and introduced February 5, 2026 in the 222nd Legislature
Legislative Description
Sets flat gross income tax rate at 5.9 percent tax for all taxable income over $37,500 or $75,000, depending on filing status; exempts taxpayers with less income from gross income tax.
Budget and Appropriations
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
2/5/2026