Bill
Bill > A224
NJ A224
NJ A224Allows corporation business tax and gross income tax credits to businesses paying a salary differential to National Guard members or reservists on active duty.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill provides for corporation business tax and gross income tax credits to businesses that have employees who are also members of the National Guard or a reserve component of the Armed Forces of the United States and receive mobilization orders for active duty service. The amount of credit shall be equal to the amount of salary paid by the business that makes up the difference between the employee's regular pay and the employee's military pay.
AI Summary
This bill provides corporation business tax and gross income tax credits to businesses that have employees who are also members of the National Guard or a reserve component of the Armed Forces and receive mobilization orders for active duty service. The credit amount is equal to the difference between the employee's regular pay and their military pay during the period of active duty.
Committee Categories
Military Affairs and Security
Sponsors (3)
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/14/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/A224 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A0500/224_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A0500/224_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A0500/224_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A0500/224_I1.PDF |
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