New Jersey · 2026-2027 Regular Session · Bill

S 4735: Allows exclusion of certain small business income from taxation under gross income tax and corporation business tax.

In committee Last action October 5, 2026: Introduced in the Senate, Referred to Senate Budget and Appropriations Committee

Plain-language summary

S 4735 is a bill introduced in the New Jersey Senate on October 5, 2026. According to its official title, it concerns: Allows exclusion of certain small business income from taxation under gross income tax and corporation business tax. Primary sponsor: Amato, Carmen F., Jr.. Most recent recorded action (October 5, 2026): Introduced in the Senate, Referred to Senate Budget and Appropriations Committee.

Sponsors

Primary sponsor: Amato, Carmen F., Jr..