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Bill > S2686


NJ S2686

NJ S2686
Excludes military compensation of military personnel serving outside of this State from gross income tax.


summary

Introduced
05/19/2022
In Committee
05/19/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill allows an exemption for certain military compensation from the gross income tax for those servicemen and women domiciled in New Jersey but serving their duty outside of the State of New Jersey.

AI Summary

This bill allows an exemption from the New Jersey gross income tax for military compensation received by service members domiciled in New Jersey but stationed outside of the state. The bill specifically excludes from taxation the compensation paid by the United States for service in the Armed Forces of the United States performed by an individual domiciled in New Jersey but stationed outside of the state. This change applies to taxable years ending after the bill's enactment.

Committee Categories

Military Affairs and Security

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee (on 05/19/2022)

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