A2680 — Increases gross income tax relief based on rent constituting property taxes for residential tenants and establishes refundable gross income tax credit in place of gross income tax deduction for residential tenants.

A2680 — Increases gross income tax relief based on rent constituting property taxes for residential tenants and establishes refundable gross income tax credit in place of gross income tax deduction for residential tenants. · Informed CitizenryAssembly Bill 2680 modifies how New Jersey residents can claim a tax deduction related to property taxes paid through rent, which is known as 'rent-constituting' property taxes. Currently, the bill…Open in Informed Citizenry