New Jersey 222nd Legislature Status: Introduced

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

Last action — INT 1RS REF SBA

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed General Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced October 05, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

This bill allows certain small business income to be excluded from taxation.

The bill proposes that specific small business income be exempt from gross income tax and corporation business tax. The details of the exclusions are not provided as the bill text is not available.

What this means for you
  • Small Business: This means some of your income may not be subject to certain taxes.

Summary

Small business income, certain-allow exclusion from taxation

Bill Text

We don't have the full text on file for this bill yet.

Read S 4735 on the official New Jersey source →

Action History

  1. INT 1RS REF SBA

Sponsors

  • Carmen F. Amato · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 119 not signed on

Sponsors (1)

  • Amato, Carmen F.

Co-sponsors (0)

None.

Not signed on (119)

119 members have not signed on to this bill.

Show all 119 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 4735 do?
Small business income, certain-allow exclusion from taxation
Who sponsors S 4735?
S 4735 is sponsored by Amato, Carmen F..
What is the current status of S 4735?
This bill has been introduced in the Senate. Introduced October 05, 2026. It must pass committee before a floor vote.
Where can I track S 4735?
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Last checked for changes 3 days ago · updated continuously

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