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S4405·NJ·senate

Imposes gross income tax at rate of 100 percent on amounts received by resident taxpayers from Anti-Weaponization Fund.

In CommitteeFiled Jun 4, 2026
Sponsor: Zwicker, Andrew
Latest Action

Introduced First Reading Senate Referred to SBA

Jun 4, 2026

Summary

The bill would levy a gross income tax at a rate of 100 percent on any amount a resident taxpayer receives from the Anti-Weaponization Fund. It targets only New Jersey residents and only those specific receipts, meaning the entire amount would be taken as tax.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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