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.
It became law on May 11, 2021.
- Stage
- Became law
- Started in
- Senate
- Sponsors
- 21
- Latest action
- May 11, 2021
Where it stands
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
This bill passed and is now law.
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Daniel R. Benson
- Gordon Johnson
- Lou Greenwald
- Paul Sarlo
- Tony Bucco
- Troy Singleton
- Brian Bergen
- Carol Murphy
- Edward H. Thomson
- Jim Holzapfel
- Linda Greenstein
- Nellie Pou
- O'Scanlon, Declan J.
- Robert Karabinchak
- Ronald S. Dancer
- Serena DiMaso
- Stanley, Sterley S.
- Steven V. Oroho
- Troy Singleton
- Valerie Vainieri Huttle
- Verlina Reynolds-Jackson
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in New Jersey.