---
type: "Bill"
title: "Imposes CBT surtax at rate of 2.5 percent until December 31, 2023."
description: "Imposes CBT surtax at rate of 2.5 percent until December 31, 2023."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "219"
identifier: "A 4721"
citation: "New Jersey A 4721 (219)"
classification: ["bill"]
subjects: ["BUS TAXES"]
status: "enacted"
primary_sponsors: ["Sumter, Shavonda E.", "Sweeney, Stephen M."]
version_count: 1
action_count: 7
vote_count: 3
first_action: "2020-09-21T04:00:00+00:00"
last_action: "2020-09-29T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/7e82e5ec-4b57-4d37-aa0a-10bfc61d6e43"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "ba41246552911b8dbee2be99d90a9b19abf8f04285b9a3ad98cc02c942b9a444"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey A 4721 (219) — Imposes CBT surtax at rate of 2.5 percent until December 31, 2023.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](http://www.njleg.state.nj.us/2020/Bills/A5000/4721_I1.HTM)

## Votes

- 3RDG FINAL PASSAGE — **21–17** (pass) · upper
- Reported favorably out of committee — **9–4** (pass) · lower
- 3RDG FINAL PASSAGE — **42–35** (pass) · lower

## Sponsors

- Sumter, Shavonda E. — primary (person)
- Sweeney, Stephen M. — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-09-21T04:00:00+00:00** Introduced in the Assembly, Referred to Assembly Budget Committee `introduction, referral-committee`
- **2020-09-21T04:00:00+00:00** Reported out of Assembly Committee, 2nd Reading `committee-passage`
- **2020-09-24T04:00:00+00:00** Passed Assembly (42-35-1) `passage`
- **2020-09-24T04:00:00+00:00** Received in the Senate without Reference, 2nd Reading
- **2020-09-24T04:00:00+00:00** Substituted for S2934
- **2020-09-24T04:00:00+00:00** Passed Senate (Passed Both Houses) (21-17) `passage`
- **2020-09-29T04:00:00+00:00** Approved P.L.2020, c.95. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7e82e5ec-4b57-4d37-aa0a-10bfc61d6e43`. Confidence: reported (aggregated from official New Jersey legislature records).