Bill > S1511

This bill broadens the eligibility for the gross income tax credit for family caregivers of certain armed service members with physical disabilities. It increases the income limits for qualifying as a "qualified family caregiver" from $100,000 (if filing jointly) to $150,000, and from $50,000 (if filing separately) to $75,000. It also removes the requirement that the qualified armed service member must have resided with the caregiver in New Jersey for at least six months of the taxable year. The bill takes effect immediately and applies to taxable years beginning on or after January 1 following the date of enactment.