New Jersey 222nd Legislature Status: Introduced 1 R cosponsors

S 4339 — Allows gross income taxpayers to claim deduction for certain losses for which federal theft loss deduction is allowed.

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 May 28, 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

The bill allows taxpayers to deduct certain theft losses from their gross income.

This legislation enables taxpayers to claim a deduction for specific losses connected to theft, aligning with federal options. It aims to provide some financial relief to those who have experienced theft-related losses.

What this means for you
  • Consumers: If you’ve suffered a theft loss, this bill allows you to potentially reduce your taxable income.

Summary

Federal theft loss-allow gross income taxpayer claim deduction for cert losses

Bill Text

  • Introduced View text Current html May 29, 2026

Action History

  1. INT 1RS REF SBA

Sponsors

Sponsorship breakdown

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

Sponsors (1)

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
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Frequently asked questions

What does S 4339 do?
Federal theft loss-allow gross income taxpayer claim deduction for cert losses
Who sponsors S 4339?
S 4339 is sponsored by Polistina, Vincent J. (Republican).
What is the current status of S 4339?
This bill has been introduced in the Senate. Introduced May 28, 2026. It must pass committee before a floor vote.
Where can I track S 4339?
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Last checked for changes 3 months ago · updated continuously

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