A2703 — 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.

A2703 — 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 bill increases the New Jersey gross income tax rate for individuals, estates, and trusts with taxable income exceeding $1,000,000. Specifically, it adjusts the tax rate for income over $1,000,…Open in Informed Citizenry