New Jersey legislation · 2026-2027 Regular Session
New Jersey S4803: Homeowner's payments, cert association assessments-prov income tax deduction
Status: In committee, October 15, 2026
Provides gross income tax deduction for homeowner's payments of certain homeowners association assessments.
What the bill says
An Act providing a gross income tax deduction for homeowners payments of certain homeowners association assessments, and supplementing Title 54A of the New Jersey Statutes.
From the introduced text, October 15, 2026:
An Act providing a gross income tax deduction for homeowners payments of certain homeowners association assessments, and supplementing Title 54A of the New Jersey Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. a. A taxpayer shall be allowed to deduct from the taxpayer's gross income for the taxable year an amount paid by the taxpayer during the taxable year for qualified homeowners association assessments. b. A qualified homeowners association that receives qualified homeowners assessments from any individual during a calendar year shall file with the Director of the Division of Taxation in the Department of the Treasury an information return at such time and in such form and manner as the director shall determine, setting forth the name, address, and other identifying information of each paying individual and the amount of qualified homeowners association assessments received from each individual during the calendar year. Every association required to file this information return shall furnish to each individual whose name is required to be set forth in that return a written statement showing the name, address and phone number of the information contact of the person required to file the return and the information required to be on the return for that individual. c. As used in this section: Qualified homeowners association means …
Sponsors
- James W. Holzapfel (R, 10) · primary sponsor
Latest actions
- : INT 1RS REF SCU
Subjects: TAXATION - PERSONAL INCOME TAX
Common questions
- What is S4803?
- S4803 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Homeowner's payments, cert association assessments-prov income tax deduction.
- What does S4803 do?
- In its own words: An Act providing a gross income tax deduction for homeowners payments of certain homeowners association assessments, and supplementing Title 54A of the New Jersey Statutes.
- What is the status of S4803?
- In committee as of October 15, 2026. Latest action: INT 1RS REF SCU (October 15, 2026).
- Who sponsored S4803?
- James W. Holzapfel (R, 10).
- Where is the official record for S4803?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S4803
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.