New Jersey A3192 re-establishes the top marginal gross income tax rate at 6.37 percent.
New Jersey A3192 re-establishes the top gross income tax rate at 6.37 percent. This bill aims to retain the talents and contributions of the state's most productive citizens by reverting to the tax rates from 2004. The tax brackets and rates are outlined for various income levels, with the highest bracket set at 6.37 percent. The bill also includes provisions for withholding tax rates and exemptions for certain taxpayers.
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