Gradually reduces CBT rate; eliminates corporate transit fee.
The legislation aims to gradually lower the Corporate Business Tax (CBT) rate and remove the corporate transit fee. The specifics of the reduction and other details are not provided as the bill text is not available.
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S 4909 — Gradually reduces CBT rate; eliminates corporate transit fee.
Last action
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1Introduced
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2In Committee
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3Passed Senate
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4Passed General Assembly
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5To Executive
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6Enacted
This bill has been introduced in the Senate. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
In plain language
This bill proposes to gradually reduce the CBT rate and eliminate the corporate transit fee.
The legislation aims to gradually lower the Corporate Business Tax (CBT) rate and remove the corporate transit fee. The specifics of the reduction and other details are not provided as the bill text is not available.
Summary
CBT rate-gradually reduce; eliminate corporate transit fee
Bill Text
We don't have the full text on file for this bill yet.
Read S 4909 on the official New Jersey source →Sponsors
- Michael L. Testa Jr. · Primary
- Nilsa I. Cruz-Perez · Primary
Sponsorship breakdown
Export CSV (upgrade) →2 sponsors · 0 co-sponsors · 118 not signed on
Sponsors (2)
- Testa Jr., Michael L. Republican
- Cruz-Perez, Nilsa I. Democrat
Co-sponsors (0)
None.
Not signed on (118)
118 members have not signed on to this bill.
Show all 118 →"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.
Subjects
Frequently asked questions
- What does S 4909 do?
- CBT rate-gradually reduce; eliminate corporate transit fee
- Who sponsors S 4909?
- S 4909 is sponsored by Testa Jr., Michael L. (Republican) and Cruz-Perez, Nilsa I. (Democrat).
- What is the current status of S 4909?
- This bill has been introduced in the Senate. It must pass committee before a floor vote.
- Where can I track S 4909?
- Track S 4909 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 8 days ago · updated continuously
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