A3824 — Expands eligibility for pension and retirement income exclusion to taxpayers with incomes exceeding $150,000, and increases amount of exclusion that qualifying taxpayers may claim.

A3824 — Expands eligibility for pension and retirement income exclusion to taxpayers with incomes exceeding $150,000, and increases amount of exclusion that qualifying taxpayers may claim. · Informed CitizenryAssembly Bill 3824 changes how some high-earning New Jersey residents calculate their taxable income by modifying the pension and retirement income exclusion. Currently, this exclusion provides a d…Open in Informed Citizenry