NJ Gov.'s Budget Includes $319M In Middle-Class Tax Relief

Law360 (February 23, 2021, 7:10 PM EST) -- New Jersey's governor proposed a budget Tuesday that includes $319 million in direct tax relief for middle-class families, including a $500 rebate for couples and individuals with qualified dependents, and $1.25 billion to support property tax relief programs.

The budget introduced by Democratic Gov. Phil Murphy includes funding to expand the New Jersey veterans property tax deduction and expand eligibility for the earned income tax credit to about 70,000 senior citizens without dependents. The governor also proposed expanding the eligibility of the child and dependent care credit to families making up to $150,000 and making it refundable.

Murphy said the millionaires'...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!