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New Jersey General AssemblyA 4704

Corporate transit fee-impose 2.5%, alloc taxable net income in excess of $10M

Passed 43–34Crossed party lines

What it does: Imposes a 2.5% surtax, the Corporate Transit Fee, on corporation business tax filers with New Jersey allocated net income over $10 million, for 2024 through 2028. S corporations and public utilities are excluded. (AI-written summary of the bill; the official record shows the exact version voted)

Question before the chamber: 3RDG FINAL PASSAGE

Read the official record ↗

The tally

Yes 43 · No 34 · Not voting 3

Bar: green = yes, brown = no, striped = not voting.

Votes by party
PartyYesNoNot voting
Democrats4390
Republicans0253

Most Democrats voted yes; most Republicans voted no. 9 members voted against their party’s majority.

Voted against their party’s majority

The full roll (80)

Yes 43

No 34

Not voting 3

“Not voting” is a recorded non-vote, not a reason for the absence. Parties come from public rosters; how we count.