---
type: "Bill"
title: "Imposes 2.5 percent corporate transit fee on taxpayers with allocated taxable net income in excess of $10 million under CBT."
description: "Imposes 2.5 percent corporate transit fee on taxpayers with allocated taxable net income in excess of $10 million under CBT."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "221"
identifier: "A 4704"
citation: "New Jersey A 4704 (221)"
classification: ["bill"]
subjects: ["BUS TAXES", "CORPORATIONS"]
status: "enacted"
primary_sponsors: ["Haider, Shama A.", "Scutari, Nicholas P."]
version_count: 1
action_count: 9
vote_count: 4
first_action: "2024-06-26T04:00:00+00:00"
last_action: "2024-06-28T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/a9c0b469-eff5-4b48-9b95-b346970f9d78"
source_url: "https://pub.njleg.state.nj.us/leg-databases/"
source_hash: "cc309346b6ddc0a72d1ce215231832a298215deb0a8e377ac4f1420aa97f66fd"
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 4704 (221) — Imposes 2.5 percent corporate transit fee on taxpayers with allocated taxable net income in excess of $10 million under CBT.

## Version chain

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

1. **Introduced Version** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/A5000/4704_I1.HTM)

## Votes

- 3RDG FINAL PASSAGE — **22–15** (pass) · upper
- Reported favorably out of committee — **8–5** (pass) · lower
- MOTION TAB MOTION — **45–25** (pass) · lower
- 3RDG FINAL PASSAGE — **43–34** (pass) · lower

## Sponsors

- Haider, Shama A. — primary (person)
- Scutari, Nicholas P. — primary (person)
- Hall, Garnet R. — cosponsor (person)
- Reynolds-Jackson, Verlina — cosponsor (person)

## Timeline

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

- **2024-06-26T04:00:00+00:00** Introduced in the Assembly, Referred to Assembly Budget Committee `introduction, referral-committee`
- **2024-06-26T04:00:00+00:00** Reported out of Assembly Committee, 2nd Reading `committee-passage`
- **2024-06-28T04:00:00+00:00** Motion To Aa (Munoz)
- **2024-06-28T04:00:00+00:00** Motion To Table Aa (45-25-0) (Greenwald)
- **2024-06-28T04:00:00+00:00** Passed Assembly (43-34-0) `passage`
- **2024-06-28T04:00:00+00:00** Received in the Senate without Reference, 2nd Reading
- **2024-06-28T04:00:00+00:00** Substituted for S3513
- **2024-06-28T04:00:00+00:00** Passed Senate (Passed Both Houses) (22-15) `passage`
- **2024-06-28T04:00:00+00:00** Approved P.L.2024, c.20. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a9c0b469-eff5-4b48-9b95-b346970f9d78`. Confidence: reported (aggregated from official New Jersey legislature records).