Bill
S 3780
Provides gross income tax exclusion for distributions from individual retirement accounts to qualified charitable organizations.
2024-2025 Regular Session
Introduced by Jon Bramnick and 1 co-sponsor
New Jersey bill excludes IRA charitable distributions from state income tax, incentivizing retiree philanthropy but reducing state tax revenue and primarily benefiting higher earners.
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee