A2841 — Increases gross income tax rate on income exceeding $1,000,000 and dedicates revenue from tax rate increase for direct real property tax relief for taxpayers.

A2841 — Increases gross income tax rate on income exceeding $1,000,000 and dedicates revenue from tax rate increase for direct real property tax relief for taxpayers. · Informed CitizenryThis act amends N.J.S.54A:2-1 by increasing the New Jersey gross income tax rate for taxable years beginning on or after January 1, 2016. Specifically, for taxable incomes exceeding $1,000,000, the…Open in Informed Citizenry