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Post details: New Jersey --Personal Income Tax: Increased Taxes, Limited Tax Deduction Pass Both Houses
06/29/09
New Jersey --Personal Income Tax: Increased Taxes, Limited Tax Deduction Pass Both Houses
CCH (cch.taxgroup.com) reports:
Both Houses of the New Jersey Legislature have passed legislation that would, if enacted, increase the gross (personal) income tax rate and reduce the property tax deduction for high-income taxpayers and tax New Jersey lottery winnings in excess of $10,000.
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