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 CitizenryThis bill proposes to increase gross income tax relief for residential tenants in New Jersey by increasing the amount of rent defined as "rent constituting property taxes" from 18 percent to 30 per…Open in Informed Citizenry