Bill
S 3287
Provides gross income tax deduction for amounts paid to taxpayers for sale of certain real property interests for conservation purposes.
2024-2025 Regular Session
Introduced by Linda Greenstein and 4 co-sponsors
New Jersey bill allows gross income tax deductions for proceeds from selling conservation easements and real property interests, incentivizing land preservation while reducing state tax revenue.
Received in the Assembly, Referred to Assembly Appropriations Committee