OLYMPIC MEDAL TAX THE SUBJECT OF PENDING LEGISLATION

Legislation is coming to the New Jersey Senate and Assembly that would eliminate state taxes on Olympic medalists in the Garden State. Gold medalists are currently required to pay state and federal income taxes on the $25,000 award from the U.S. Olympic Committee and also on the gold medal itself. Taxes are also assessed on awards for silver and bronze medals. The proposed legislation would apply to all athletes from New Jersey who have won medals since Jan. 1, 2012.

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BRIDGES NOMINATED BY GOVERNOR TO HEAD UP HIGHER EDUCATION

Dr. Brian Bridges was nominated by Governor Phil Murphy today to be the new Secretary …

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