c5c7033001
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
90 lines
4.3 KiB
Markdown
90 lines
4.3 KiB
Markdown
---
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type: "Bill"
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title: "Allows deduction from tax of certain expenses when taxpayer's federal paycheck protection program loan is forgiven and excludes those forgiven loans from gross income tax."
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description: "Allows deduction from tax of certain expenses when taxpayer's federal paycheck protection program loan is forgiven and excludes those forgiven loans from gross income tax."
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jurisdiction: "us/states/nj"
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legislature: "New Jersey Legislature"
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session: "219"
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identifier: "S 3234"
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citation: "New Jersey S 3234 (219)"
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classification: ["bill"]
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subjects: ["BUS TAXES", "INCOME TAX", "TAXATION"]
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status: "enacted"
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primary_sponsors: ["Benson, Daniel R.", "Bucco, Anthony M.", "Greenwald, Louis D.", "Johnson, Gordon M.", "Sarlo, Paul A.", "Singleton, Troy"]
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version_count: 2
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action_count: 10
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vote_count: 5
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first_action: "2020-12-07T05:00:00+00:00"
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last_action: "2021-05-11T04:00:00+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/71dd3169-03b9-4dc1-b40b-c92864645168"
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source_url: "http://www.njleg.state.nj.us/downloads.asp"
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source_hash: "b9936a692864a37c1c5c4522b561078ebc7145ada9b509e990a2b894cc8ef2f6"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-nj"]
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---
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# New Jersey S 3234 (219) — Allows deduction from tax of certain expenses when taxpayer's federal paycheck protection program loan is forgiven and excludes those forgiven loans from gross income tax.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced Version** (committee substitute) — [source](http://www.njleg.state.nj.us/2020/Bills/S3500/3234_I1.HTM)
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2. **Reprint** (committee substitute) — [source](http://www.njleg.state.nj.us/2020/Bills/S3500/3234_R1.HTM)
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## Votes
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- Reported out of Senate committee with amendments — **12–0** (pass) · upper
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- 3RDG FINAL PASSAGE — **66–0** (pass) · lower
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- CONCUR ASMB AMEND — **37–0** (pass) · upper
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- Reported out of Assembly committee with amendments — **10–0** (pass) · lower
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- 3RDG FINAL PASSAGE — **33–0** (pass) · upper
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## Sponsors
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- Benson, Daniel R. — primary (person)
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- Bucco, Anthony M. — primary (person)
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- Greenwald, Louis D. — primary (person)
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- Johnson, Gordon M. — primary (person)
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- Sarlo, Paul A. — primary (person)
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- Singleton, Troy — primary (person)
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- Bergen, Brian — cosponsor (person)
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- Dancer, Ronald S. — cosponsor (person)
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- DiMaso, Serena — cosponsor (person)
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- Greenstein, Linda R. — cosponsor (person)
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- Holzapfel, James W. — cosponsor (person)
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- Karabinchak, Robert J. — cosponsor (person)
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- Murphy, Carol A. — cosponsor (person)
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- O'Scanlon, Declan J. — cosponsor (person)
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- Oroho, Steven V. — cosponsor (person)
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- Pou, Nellie — cosponsor (person)
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- Reynolds-Jackson, Verlina — cosponsor (person)
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- Singleton, Troy — cosponsor (person)
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- Stanley, Sterley S. — cosponsor (person)
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- Thomson, Edward H. — cosponsor (person)
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- Vainieri Huttle, Valerie — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2020-12-07T05:00:00+00:00** Introduced in the Senate, Referred to Senate Budget and Appropriations Committee `introduction, referral-committee`
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- **2021-01-21T05:00:00+00:00** Reported out of Senate Committee with Amendments, 2nd Reading `committee-passage`
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- **2021-01-28T05:00:00+00:00** Passed Senate (33-0) `passage`
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- **2021-01-29T05:00:00+00:00** Received in the Assembly, Referred to Assembly Appropriations Committee `referral-committee`
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- **2021-02-24T05:00:00+00:00** Reported out of Assembly Committee with Amendments, 2nd Reading `committee-passage`
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- **2021-03-01T05:00:00+00:00** Substituted for A5149 (1R)
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- **2021-03-01T05:00:00+00:00** Passed Assembly (66-0-2) `passage`
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- **2021-03-04T05:00:00+00:00** Received in the Senate, 2nd Reading on Concurrence
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- **2021-03-25T04:00:00+00:00** Passed Senate (Passed Both Houses) (37-0) `passage`
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- **2021-05-11T04:00:00+00:00** Approved P.L.2021, c.90. `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/71dd3169-03b9-4dc1-b40b-c92864645168`. Confidence: reported (aggregated from official New Jersey legislature records).
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