New Jersey · 2026-2027 Regular Session · Bill

A 5508: Allows gross income tax deduction for certain losses for which federal theft loss deduction is allowed and authorizes penalty relief and installment payment agreements for certain victims of financial fraud.

In committee Last action September 17, 2026: Introduced, Referred to Assembly Public Safety and Preparedness Committee

Plain-language summary

A 5508 is a bill introduced in the New Jersey House on September 17, 2026. According to its official title, it concerns: Allows gross income tax deduction for certain losses for which federal theft loss deduction is allowed and authorizes penalty relief and installment payment agreements for certain victims of financial fraud. Primary sponsor: Clinton Calabrese (Democratic). Most recent recorded action (September 17, 2026): Introduced, Referred to Assembly Public Safety and Preparedness Committee.

Sponsors

Primary sponsor: Clinton Calabrese (Democratic).