Bloomberg News

New Jersey Assembly Passes Bill to Raise Taxes on Millionaires

By Terrence Dopp and Elise Young
June 25, 2012

New Jersey’s Democratic-controlled Assembly passed a bill that would increase the tax rate on income exceeding $1 million, a measure that Republican Governor Chris Christie has said he would veto.

The measure passed by a vote of 47-31.

To contact the reporter on this story: Terrence Dopp in Trenton at tdopp@bloomberg.net

To contact the editor responsible for this story: Stacie Servetah at sbabula@bloomberg.net

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