New Jersey S3311 sets a flat 5.9 percent gross income tax rate for income over $37,500 or $75,000, depending on filing status.

New Jersey S3311 revises the state's gross income tax rates, establishing a flat 5.9 percent tax for all taxable income over $37,500 for unmarried individuals, married individuals filing separately, or estates and trusts, and over $75,000 for married individuals filing jointly, individuals filing as head of household, or individuals filing as a surviving spouse for federal income tax purposes. Taxpayers with income below these thresholds would not be subject to the gross income tax. The bill applies to taxable years beginning on or after January 1, 2027.

New Jersey S3311 sets a flat 5.9 percent gross income tax rate for income over $37,500 or $75,000, depending on filing status.

New Jersey S3311 revises the state's gross income tax rates, establishing a flat 5.9 percent tax for all taxable income over $37,500 for unmarried individuals, married individuals filing separately, or estates and trusts, and over $75,000 for married individuals filing jointly, individuals filing as head of household, or individuals filing as a surviving spouse for federal income tax purposes. Taxpayers with income below these thresholds would not be subject to the gross income tax. The bill applies to taxable years beginning on or after January 1, 2027.