GOV. CHRISTIE’S OPPOSITION TO REAL TAX RELIEF

2010-11

 

A20 Supplements the State annual appropriations act for the State fiscal year 2010-2011, makes appropriations for Pharmaceutical Assistance to the Aged and Disabled Programs and the Homestead Rebate/Credit Program. REJECTED BY GOV. CHRIS CHRISTIE

 

A1676 Provides single sales fraction for corporation business tax income allocation formula and establishes airline-specific sales fraction. REJECTED BY GOV. CHRIS CHRISTIE (Democratic bill later signed)

 

A1678 Establishes a New Jersey Homebuyer Tax Credit Program under the New Jersey gross income tax for home purchases during a qualified period. REJECTED BY GOV. CHRIS CHRISTIE

 

3398 Expands gross income tax exclusion for pensions, annuities and other retirement income for certain taxpayers. REJECTED BY GOV. CHRIS CHRISTIE

 

A3418 Allows corporation business tax credit and gross income tax credit for certain wages paid to qualified interns in tax years 2012 and 2013. REJECTED BY GOV. CHRIS CHRISTIE

 

A3535 Consolidates certain business-related categories of gross income and provides 20 year carryforward of certain net losses under gross income tax. REJECTED BY GOV. CHRIS CHRISTIE (Democratic bill later signed)

 

A4203 Provides State school aid to districts in amount consistent with provisions of "School Funding Reform Act of 2008." REJECTED BY GOV. CHRIS CHRISTIE

 

A4204 Restores benefit under State earned income credit program to 25 percent of federal credit beginning in Tax Year 2011. REJECTED BY GOV. CHRIS CHRISTIE

 

S2454 "New Jersey Angel Investor Tax Credit Act;" provides credits against corporation business and gross income taxes for investing in New Jersey emerging technology businesses. REJECTED BY GOV. CHRIS CHRISTIE

 

2012-13

 

A3029 Increases benefit amounts under New Jersey earned income credit program to 25 percent of federal earned income tax credit amounts beginning in Tax Year 2012. REJECTED BY GOV. CHRIS CHRISTIE

 

A3202 Makes FY 2013 supplemental appropriation of $789,000,000 to Homestead Benefit Program and amends budget language provisions to provide for significantly enhanced property tax relief payments to beleaguered homeowners and tenants. PROMISED REJECTION BY GOV. CHRIS CHRISTIE

 

And lest we forget the net 20 percent property tax hike: