Urges Congress and President to enact "No Taxes on Utility Bills Act.
This resolution urges Congress and the President to enact the "No Taxes on Utility Bills Act." This act would allow taxpayers to deduct taxes and state-mandated surcharges on gas and electric utility bills from their federal taxable income. It applies to residential and small-business ratepayers, providing federal tax relief. The act aims to alleviate the financial burden on New Jersey families and small businesses due to rising utility costs.
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