Imposes tax on high-quantity processors of financial transactions at $0.0025 per transaction.

This proposed New Jersey bill (S 2284) would impose a $0.0025 tax on companies processing 10,000 or more financial transactions annually through electronic systems located in New Jersey. It directly affects large financial transaction processors (such as stock exchanges or trading platforms) that meet this volume threshold. The tax applies to transactions involving stocks, derivatives, or other financial securities, but only once per transaction even if multiple processors are involved. Processors would file and pay the tax monthly, following standard state tax procedures. The bill is pending in the Senate Commerce Committee as of January 2026.