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Bill > A120
NJ A120
NJ A120Excludes bonuses for reenlistment or voluntary extension of enlistment in armed forces from gross income.
summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Excludes bonuses for reenlistment or voluntary extension of enlistment in armed forces from gross income.
AI Summary
This bill excludes bonuses for reenlistment or voluntary extension of enlistment in the armed forces from an individual's gross income for tax purposes. This means that such bonuses would not be counted as part of the individual's taxable income. The bill amends an existing law, N.J.S.54A:6-7, to add a new subsection (d) that specifically exempts these types of bonuses from being included in an individual's gross income.
Committee Categories
Military Affairs and Security
Sponsors (5)
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/11/2022)
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/2022/A120 |
| BillText | https://pub.njleg.gov/Bills/2022/A0500/120_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A0500/120_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A0500/120_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A0500/120_I1.PDF |
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