Bill
S 3689
Expands eligibility for pension and retirement income exclusion to taxpayers with incomes exceeding $150,000, and increases amount of exclusion that qualifying taxpayers may claim.
2026-2027 Regular Session
Introduced by Tony Bucco and 2 co-sponsors
New Jersey bill expands pension tax exclusions to earners above $150,000 and increases deduction amounts, reducing taxes on higher-income retirees at cost to state revenue.
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee