S3311 — 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.

S3311 — 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. · Informed CitizenrySenate Bill S3311 proposes a significant change to New Jersey's personal income tax structure by establishing a new flat tax rate of 5.9 percent for taxable income exceeding specific thresholds. Th…Open in Informed Citizenry