Beck Stands Up for Monmouth County Seniors

Senator Jennifer Beck is the prime sponsor of S2169, which increases the former $675,000 estate tax threshold with a true tax exclusion set at $1,000,000, beginning January 1, 2017. The bill increases the exclusion amount to $1,250,000 for 2018, $1,500,000 for 2019, and $2,000,000 for 2020. For 2021 and thereafter, the bill sets the exclusion amount at $2,500,000.

Additionally, Senator Beck is the sponsor of S477 which phases out the estate tax completely over a five year period and S998which increases an individual's retirement income tax exclusion five-fold over a period of five years.

Senator Beck was proud to cast votes supporting lowering the tax burden on seniors on several occasions this legislative session, notably:

February 29, 2016

· S998 Increases the personal income tax's pension and retirement income exclusion fivefold over three years.

Senator Beck voted YES in Committee.

· S1728 Increases exclusion amount under New Jersey estate tax; phases out estate tax over five years

Senator Beck voted YES in Committee.

July 29, 2016

· A12 Adjusts certain State taxes to support strengthened investments in public and private assets in this State.

Senator Beck offered an amendment in Committee to eliminate the gas tax and leave the tax cuts.

October 5, 2016

· A12 Adjusts certain State taxes to support strengthened investments in public and private assets in this State.

Senator Beck offered a floor amendment to eliminate the gas tax and leave the tax cuts. The amendment was defeated on the floor of the legislature

October 7, 2016

· A12 Adjusts certain State taxes to support strengthened investments in public and private assets in this State.

Senator Beck offered a floor amendment to eliminate the gas tax and leave the tax cuts. The amendment was defeated on the floor of the legislature