Bill
A 6021
Sets flat gross income tax rate at 5.9 percent tax for all taxable income over $37,500 or $75,000, depending on filing status; exempts taxpayers with less income from gross income tax.
2024-2025 Regular Session
Introduced by Bob Auth and 11 co-sponsors
New Jersey bill replaces progressive income tax with flat 5.9% rate on income over $37,500/$75,000, exempting lower earners but potentially reducing state revenue significantly.
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee