A1311
Type: B Origin: Assembly New Jersey Comments: 0

Extends Certain Federal Income Tax Advantages Of Individual Health Savings Accounts To Individual Taxpayers Under The New Jersey Gross Income Tax.

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The bill extends federal income tax advantages related to Individual Health Savings Accounts (HSAs) to individual taxpayers under the New Jersey Gross Income Tax. This extension aims to provide similar tax benefits at the state level as those available at the federal level for individuals contributing to HSAs. By aligning New Jersey's tax treatment with federal guidelines, this bill seeks to promote healthcare savings and financial incentives for residents of New Jersey who utilize HSAs.

Bill Activity

  • 2024-01-09: Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee

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