state_legiscan_drain · NJ
Provides gross income tax exclusion for attorney's fees and costs received in connection with certain unlawful discrimination, unlawful retaliation, and qui tam claims or actions.
September 14, 2026
Summary
If enacted, this bill would exclude from gross income any attorney's fees and costs received by a taxpayer in connection with certain unlawful discrimination, unlawful retaliation, or qui tam claims or actions. This would provide a state income tax benefit to plaintiffs recovering such fees, but has no direct effect on lenders, banks, or other financial institutions.
AI-generated summary · Sep 20, 2026. Verify with your compliance counsel before acting.
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Source: https://www.njleg.state.nj.us/bill-search/2026/A5485
Common questions
- What does "Provides gross income tax exclusion for attorney's fees and costs received in connection with certain unlawful discrimination, unlawful retaliation, and qui tam claims or actions." cover?
- If enacted, this bill would exclude from gross income any attorney's fees and costs received by a taxpayer in connection with certain unlawful…
- When was it published?
- It was published on September 14, 2026.