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A5196

Imposes gross income tax at rate of 100 percent on amounts received by resident taxpayers from Anti-Weaponization Fund.

Introduced·6/4/26
Introduced Text

New Jersey bill imposes 100% gross income tax on Anti-Weaponization Fund payments to residents.

The bill imposes a 100% gross income tax on payments from the Anti-Weaponization Fund to New Jersey residents. The fund, established by the U.S. Attorney General, is part of a settlement in a federal civil case. The bill prohibits any deductions, exemptions, or credits against this tax. The tax applies to taxable years starting January 1, 2026, and is administered under New Jersey's Gross Income Tax Act.

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  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Oversight, Reform and Federal Relations Committee
Next
Committee decision

Sponsors

DDD
3
0
Democratic CaucusRepublican Caucus

History

Jun 4

Assembly

Introduced, Referred to Assembly Oversight, Reform and Federal Relations Committee