c5c7033001
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
92 lines
4.7 KiB
Markdown
92 lines
4.7 KiB
Markdown
---
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type: "Bill"
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title: "Allows exemption from New Jersey gross income of certain capital gains from sale or exchange of qualified small business stock.**"
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description: "Allows exemption from New Jersey gross income of certain capital gains from sale or exchange of qualified small business stock.**"
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jurisdiction: "us/states/nj"
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legislature: "New Jersey Legislature"
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session: "221"
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identifier: "A 4455"
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citation: "New Jersey A 4455 (221)"
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classification: ["bill"]
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subjects: ["CORPORATIONS", "INCOME TAX"]
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status: "enacted"
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primary_sponsors: ["Freiman, Roy", "Karabinchak, Robert J.", "Mukherji, Raj", "Sarlo, Paul A.", "Schaer, Gary S."]
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version_count: 5
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action_count: 11
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vote_count: 6
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first_action: "2024-06-03T04:00:00+00:00"
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last_action: "2025-06-30T04:00:00+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/b35a58d3-cd78-4cbf-9dbf-c5347bbfd602"
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source_url: "https://pub.njleg.state.nj.us/leg-databases/"
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source_hash: "60644f469b7a120d07d4eb788106fc2ac4a7d016a45fd3fd9b143fec6052afd1"
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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 A 4455 (221) — Allows exemption from New Jersey gross income of certain capital gains from sale or exchange of qualified small business stock.**
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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. **Assembly Committee Substitute AAP 6/19/25 ACS** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/A4500/4455_U1.HTM)
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2. **Introduced Version** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/A4500/4455_I1.HTM)
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3. **Reprint ACE 3/6/25 1R** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/A4500/4455_R1.HTM)
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4. **Reprint ASL 3/20/25 2R** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/A4500/4455_R2.HTM)
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5. **Reprint of Substitute ABU 6/26/25 1R ACS** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/A4500/4455_R1a.HTM)
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## Votes
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- 3RDG FINAL PASSAGE — **39–0** (pass) · upper
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- 3RDG FINAL PASSAGE — **80–0** (pass) · lower
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- Reported out of Assembly committee as a substitute — **10–0** (pass) · lower
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- Reported out of Assembly committee with amendments — **15–0** (pass) · lower
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- Reported out of Assembly committee with amendments — **7–0** (pass) · lower
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- Reported out of Assembly committee with amendments — **11–0** (pass) · lower
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## Sponsors
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- Freiman, Roy — primary (person)
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- Karabinchak, Robert J. — primary (person)
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- Mukherji, Raj — primary (person)
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- Sarlo, Paul A. — primary (person)
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- Schaer, Gary S. — primary (person)
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- Atkins, Reginald W. — cosponsor (person)
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- Calabrese, Clinton — cosponsor (person)
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- Drulis, Mitchelle — cosponsor (person)
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- Egan, Kevin P. — cosponsor (person)
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- Haider, Shama A. — cosponsor (person)
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- Hutchison, Dan — cosponsor (person)
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- Miller, Cody D. — cosponsor (person)
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- Park, Ellen J. — cosponsor (person)
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- Reynolds-Jackson, Verlina — cosponsor (person)
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- Space, Parker — cosponsor (person)
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- Spearman, William W. — cosponsor (person)
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- Swain, Lisa — cosponsor (person)
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- Tully, Chris — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-06-03T04:00:00+00:00** Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee `introduction, referral-committee`
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- **2025-03-06T05:00:00+00:00** Reported out of Assembly Committee with Amendments and Referred to Assembly State and Local Government Committee `referral-committee`
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- **2025-03-20T04:00:00+00:00** Reported out of Assembly Committee with Amendments and Referred to Assembly Appropriations Committee `referral-committee`
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- **2025-06-19T04:00:00+00:00** Reported from Assembly Committee as a Substitute, 2nd Reading
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- **2025-06-26T04:00:00+00:00** Recommitted to Assembly Budget Committee `referral-committee`
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- **2025-06-26T04:00:00+00:00** Reported out of Assembly Committee with Amendments, 2nd Reading `committee-passage`
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- **2025-06-30T04:00:00+00:00** Passed Assembly (80-0-0) `passage`
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- **2025-06-30T04:00:00+00:00** Received in the Senate without Reference, 2nd Reading
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- **2025-06-30T04:00:00+00:00** Substituted for S4503 (SCS)
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- **2025-06-30T04:00:00+00:00** Passed Senate (Passed Both Houses) (39-0) `passage`
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- **2025-06-30T04:00:00+00:00** Approved P.L.2025, c.67. `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/b35a58d3-cd78-4cbf-9dbf-c5347bbfd602`. Confidence: reported (aggregated from official New Jersey legislature records).
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