# New Jersey A932: Excludes certain contributions to deferred compensation plans and provides deduction for certain individual retirement savings under the gross income tax.

New Jersey A932, Excludes certain contributions to deferred compensation plans and provides deduction for certain individual retirement savings under the gross income tax., is a 220th Legislature (2024-2025) House bill sponsored by Mitchelle Drulis (Democratic), Roy Freiman (Democratic); status failed, last action 2024-01-09 (Introduced, 1st Reading in Assembly, Referred to Assembly Financial Institutions and Insurance Committee) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-A932-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey A932
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Excludes certain contributions to deferred compensation plans and provides deduction for certain individual retirement savings under the gross income tax.
- Status: failed
- Chamber: House
- Introduced: 2024-01-09
- Last action: 2024-01-09, Introduced, 1st Reading in Assembly, Referred to Assembly Financial Institutions and Insurance Committee
- Sponsors: Mitchelle Drulis (Democratic), Roy Freiman (Democratic)
- Cosponsors: 13
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Mitchelle Drulis (Democratic), House
- Sponsor: Roy Freiman (Democratic), House
- Cosponsor: John V. Azzariti Jr. M.D. (Republican), House
- Cosponsor: Christopher P. DePhillips (Republican), House
- Cosponsor: Aura K. Dunn (Republican), House
- Cosponsor: Dawn Fantasia (Republican), House
- Cosponsor: Robert J. Karabinchak (Democratic), House
- Cosponsor: Carol A. Murphy (Democratic), House
- Cosponsor: Mu�oz, Nancy F.
- Cosponsor: Erik Peterson (Republican), House
- Cosponsor: Verlina Reynolds-Jackson (Democratic), House
- Cosponsor: Lisa Swain (Democratic), House
- Cosponsor: Chris Tully (Democratic), House
- Cosponsor: Anthony S. Verrelli (Democratic), House
- Cosponsor: Jay Webber (Republican), House

## Actions (1)

- 2024-01-09: Introduced, 1st Reading in Assembly, Referred to Assembly Financial Institutions and Insurance Committee (House)

## Bill text

- As Introduced, 2024-09-27: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A1000/932_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A1000/932_I1.PDF)
- 3/26/24; as introduced, 2024-03-26: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A1000/932_E1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A1000/932_E1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A1000/932_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A1000/932_I1.PDF)
- [3/26/24; as introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A1000/932_E1.HTM)
- [3/26/24; as introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A1000/932_E1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-A932-2024-2025 (as of 2026-10-17).