Bill
Bill > S4086
summary
Introduced
09/10/2019
09/10/2019
In Committee
09/10/2019
09/10/2019
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 Regular Session
Bill Summary
This bill extends the veteran's gross income tax exemption to spouses of deceased veterans. Currently, veterans are allowed a $6,000 exemption, which can be taken as a deduction from their income, for purposes of calculating their State gross income tax liability. If a veteran dies during a taxable year, the spouse of the veteran is allowed the exemption for that taxable year if filing a joint return. However, the spouse is not allowed the exemption in subsequent years. Under this bill, the spouse of the deceased veteran would be allowed to continue to claim the exemption until the spouse remarries.
AI Summary
This bill extends the veteran's gross income tax exemption of $6,000 to the spouses of deceased veterans. Previously, the exemption was only available to the veteran during their lifetime and the spouse could only claim it in the year the veteran died. Under this bill, the spouse can continue to claim the exemption until they remarry, allowing them to benefit from the tax savings even after the veteran has passed away.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee (on 09/10/2019)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=S4086 |
| BillText | https://www.njleg.state.nj.us/2018/Bills/S4500/4086_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/S4500/4086_I1.PDF |
Loading...