New Jersey legislation · 2026-2027 Regular Session
New Jersey S4733: Income earned in form of tips-allow gross income tax deduction
Status: In committee, October 5, 2026
Allows gross income tax deduction for income earned in form of tips.
What the bill says
An Act allowing a gross income tax deduction for income earned in the form of tips, and supplementing chapter 3 of Title 54A of the New Jersey Statutes.
From the introduced text, October 5, 2026:
An Act allowing a gross income tax deduction for income earned in the form of tips, and supplementing chapter 3 of Title 54A of the New Jersey Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. A taxpayer shall be allowed a deduction from gross income equal to the amount of income received in the form of tips for services rendered during the taxable year that are included in statements furnished to the employer pursuant to subsection (a) of section 6053 of the federal Internal Revenue Code, 26 U.S.C.S. s.6053(a), or such other documentation as may be required by the Director of the Division of Taxation. 2. The Director of the Division of Taxation of the Department of the Treasury shall adopt, pursuant to the Administrative Procedure Act, P.L.1968, c.410 (C.52:14B-1 et seq.), such rules and regulations as are necessary to carry out the provisions of this act. 3. This act shall take effect immediately and shall apply to taxable years beginning on or after the January 1 next following the date of enactment. STATEMENT This bill allows a gross income tax deduction for income earned in the form of tips. Under the bill, a taxpayer claiming a deduction against gross income tax for income received from customers in the form of …
Sponsors
- Carmen F. Amato, Jr. (R, 9) · primary sponsor
- Kristin M. Corrado (R, 40)
Latest actions
- : INT 1RS REF SBA
Subjects: TAXATION - PERSONAL INCOME TAX
Common questions
- What is S4733?
- S4733 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Income earned in form of tips-allow gross income tax deduction.
- What does S4733 do?
- In its own words: An Act allowing a gross income tax deduction for income earned in the form of tips, and supplementing chapter 3 of Title 54A of the New Jersey Statutes.
- What is the status of S4733?
- In committee as of October 5, 2026. Latest action: INT 1RS REF SBA (October 5, 2026).
- Who sponsored S4733?
- Carmen F. Amato, Jr. (R, 9), with 1 co-sponsor.
- Where is the official record for S4733?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S4733
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.