S 2945 creates a New Jersey tax credit for low-to-moderate income residents to offset medical insurance costs. It allows individuals with gross income under $65,000 (single or married filing separately) or $130,000 (married filing jointly or head of household) to claim a credit equal to the difference between their medical insurance costs (premiums plus deductibles) and 8.5% of their income. The credit cannot be claimed for expenses already deducted under existing tax rules. The bill requires the Division of Taxation to coordinate with the Health Department to advertise the credit's availability. It takes effect for taxable years beginning after its enactment date.
This bill creates tax credits for supermarkets and small food stores that display Jersey Fresh products (locally grown produce certified under New Jersey's program) and New Jersey organic products. Supermarkets with dedicated displays of 25+ square feet maintained for 120+ days during a tax period qualify for a $2,000 credit, while small stores (under 2,500 sq ft) with 12+ sq ft displays qualify for $1,000. The credit applies against state income or gross receipts taxes, with specific rules for how it combines with other credits. Jersey Fresh refers to products labeled under the state's program for locally grown fruits, vegetables, seafood, and farm-sourced processed foods.
This bill provides New Jersey employers with a temporary tax credit of 50% (up to $50,000 per year) against corporation business and gross income taxes for costs spent building, renovating, or improving real property used to operate on-site child care centers. The credit directly affects businesses that construct or maintain facilities primarily serving the children of their own employees. To qualify, employers must commit to operating the child care center for 60 consecutive months and enter a binding agreement with the state director to verify expenses and maintain compliance. The credit is available for three calendar years following the bill's effective date and requires documentation to prevent misuse.
SCR 50 is a proposed constitutional amendment that would require any additional registration fee imposed on zero-emission vehicles (like electric cars) to be dedicated exclusively to New Jersey's transportation system starting July 1, 2025. It does not create the fee itself but mandates that if such a fee is implemented, all revenue from it must be deposited into the Transportation Trust Fund for transportation projects (e.g., roads, bridges, transit). The amendment ensures these funds cannot be used for any other purpose, such as general state spending. This applies only to fees on zero-emission vehicles, not standard registration fees for all vehicles.
This bill (S 2161) increases compensation payments to New Jersey municipalities for lost property tax revenue when the State or qualifying nonprofit organizations own land for recreation or conservation. It raises annual payments for the first 13 years after land acquisition (starting at 100% of prior tax value and decreasing annually), then transitions to higher per-acre rates after year 13 based on the percentage of such land in the municipality (e.g., $3-$40 per acre depending on whether land constitutes less than 20%, 20-40%, 40-60%, or over 60% of the municipality’s total area). The payments, funded from the General Fund, replace previous formulas and apply to lands owned by the State, nonprofits, or the Palisades Interstate Park Commission. Municipalities directly affected are those with significant State or nonprofit-owned recreation/conservation lands.
This bill suspends the state sales and use tax, plus the societal benefits charge, on electric and gas utility bills for all customers in New Jersey during 2026 (January 1-December 31). It directly affects residential and commercial utility ratepayers by removing these specific charges from their monthly bills. The key mechanism is a temporary exemption from two fees: the standard sales tax on utility services and the societal benefits charge (which funds clean energy programs and energy assistance). The suspension ends January 1, 2027, and does not alter the underlying utility rates.
This bill establishes clear rules for payments from solid waste facilities to municipalities where they operate. It requires landfill operators to pay at least $1 per ton of waste accepted annually, and transfer station operators to pay $0.50 per ton, with specific payment mechanisms allowed (cash, tax exemptions, etc.). The law mandates that negotiations between municipalities and facilities must conclude within 180 days, followed by a 45-day public comment period on proposed payments before final approval. Residents also gain the right to petition the state to establish or adjust these payments if they believe current benefits are insufficient.
This bill (S 1619) directs excess revenue from New Jersey's energy sales and use taxes to fund utility assistance programs. Specifically, if annual energy tax collections exceed the 2025 baseline, the surplus must be deposited into the Universal Service Fund to support programs like the Payment Assistance for Gas and Electric Program. It amends existing law to ensure these funds are dedicated exclusively to utility assistance, rather than other uses. The bill does not change current tax rates but redirects unspent revenue to help low-income households with energy costs.
SR 15 is a New Jersey Senate resolution urging the federal government to exempt Social Security benefits from federal income tax. It directly affects all Social Security recipients, including retirees (90% of seniors aged 65+), disabled workers, survivors, and dependents, whose benefits currently make up about 30% of their income. The resolution notes that federal taxation of these benefits began in 1984, with income thresholds unchanged since the 1990s, and states that 41 states and the District of Columbia already exempt Social Security from state income tax. The resolution does not create new law but formally requests congressional action to eliminate this federal tax.
This bill requires New Jersey's State Treasurer to conduct a study assessing how state government departments and agencies use office space, directly affecting all Executive Branch agencies. The study must analyze current office space square footage, occupancy rates, impacts of remote/hybrid work, and identify potential cost savings from more efficient space use. The Treasurer must complete a report within 90 days of the bill's effective date, including specific recommendations for savings, and submit it to the Governor and Legislature. The bill expires once the report is delivered, making it a temporary, procedural measure focused on data collection for potential budget savings.
