Bill
A 5674
Excludes certain retirement savings plan contributions, withdrawals, and rollovers from gross income tax.
2024-2025 Regular Session
Introduced by Bob Auth and 3 co-sponsors
New Jersey bill excludes qualified retirement plan contributions and rollovers from state income tax to incentivize savings, reducing state tax revenue while benefiting retirement-eligible savers.
Introduced in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee