Bill
S 4503
Allows exemption from New Jersey gross income of certain capital gains from sale or exchange of qualified small business stock.*
2024-2025 Regular Session
Introduced by Raj Mukherji and 2 co-sponsors
NJ would exclude QSBS gains from gross income to mirror federal §1202, reducing state revenue by about $10–12 million annually.
Substituted by A4455 (ACS/1R)