NJ S3234 | 2020-2021 | Regular Session

Note: Carry Foward to future S681

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on May 11 2021 - 100% progression
Action: 2021-05-11 - Approved P.L.2021, c.90.
Text: Latest bill text (Chaptered) [HTML]

Summary

Allows deduction from tax of certain expenses when taxpayer's federal paycheck protection program loan is forgiven and excludes those forgiven loans from gross income tax.

Tracking Information

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Title

Allows deduction from tax of certain expenses when taxpayer's federal paycheck protection program loan is forgiven and excludes those forgiven loans from gross income tax.

Sponsors


Roll Calls

2021-03-25 - Senate - Senate Floor: Concur in Assembly Amendments (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2021-03-25 - Senate - Senate Floor: Amend (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2021-03-01 - Assembly - Assembly Floor: Third Reading - Final Passage (Y: 66 N: 0 NV: 14 Abs: 0) [PASS]
2021-03-01 - Assembly - Assembly Floor: Substitute for A5149 (Voice Vote) (Y: 0 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-24 - Assembly - Assembly Appropriations Committee: Reported with Amendments (Y: 10 N: 0 NV: 1 Abs: 0) [PASS]
2021-01-28 - Senate - Senate Floor: Third Reading - Final Passage (Y: 33 N: 0 NV: 7 Abs: 0) [PASS]
2021-01-21 - Senate - Senate Budget and Appropriations Committee: Reported with Amendments (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2021-05-11SenateApproved P.L.2021, c.90.
2021-03-25SenatePassed Senate (Passed Both Houses) (37-0)
2021-03-04SenateReceived in the Senate, 2nd Reading on Concurrence
2021-03-01AssemblyPassed by the Assembly (66-0-2)
2021-03-01AssemblySubstituted for A5149 (1R)
2021-02-24AssemblyReported out of Assembly Comm. with Amendments, 2nd Reading
2021-01-29AssemblyReceived in the Assembly, Referred to Assembly Appropriations Committee
2021-01-28SenatePassed by the Senate (33-0)
2021-01-21SenateReported from Senate Committee with Amendments, 2nd Reading
2020-12-07SenateIntroduced in the Senate, Referred to Senate Budget and Appropriations Committee

Same As/Similar To

S3234 (Carry Over) 2021-05-11 - Approved P.L.2021, c.90.
A5149 (Same As) 2021-03-01 - Substituted by S3234 (2R)

Subjects


New Jersey State Sources


Bill Comments

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