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Bill > S1002
NJ S1002
NJ S1002Establishes gross income tax credit for cost of certain postage for sending goods to members of United States Armed Forces and National Guard who are serving their country away from home.
summary
Introduced
01/30/2020
01/30/2020
In Committee
02/24/2020
02/24/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill establishes a gross income tax credit for the amount of postage taxpayers pay the United States Postal Service to send parcels as priority mail to individuals serving in the Armed Forces of the United States or the National Guard at military installations in the United States or abroad. Homesickness frequently befalls members of the Armed Forces and the National Guard while serving their country afield. To boost their morale, many send military personnel packages with cherished items from back home. The cost of postage can strain the ability of the home front to take care of those stationed or deployed afield. In allowing a tax credit for certain postage expenses, this bill removes a cost-prohibitive deterrent to sending goods of appreciation and caring to loved ones serving away from home.
AI Summary
This bill establishes a gross income tax credit for the amount of postage taxpayers pay to the United States Postal Service to send priority mail parcels to individuals serving in the Armed Forces of the United States or the National Guard, either within or outside the United States. The credit can be used to offset the taxpayer's New Jersey gross income tax liability, and any excess credit amount is considered an overpayment that can be refunded. The purpose of the credit is to help defray the costs for people sending packages to their loved ones serving away from home, as a way to boost the morale of military personnel.
Committee Categories
Budget and Finance, Military Affairs and Security
Sponsors (1)
Last Action
Referred to Senate Budget and Appropriations Committee (on 02/24/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/S1500/1002_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S1500/1002_I1.PDF |
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