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Bill > S1927


NJ S1927

NJ S1927
Extends veteran's gross income tax exemption to spouses of deceased veterans.


summary

Introduced
01/09/2024
In Committee
06/26/2025
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill extends the veteran's gross income tax exemption to spouses of deceased veterans. Currently, veterans are allowed a $6,000 exemption, which can be taken as a deduction from their income, for purposes of calculating their State gross income tax liability. If a veteran dies during a taxable year, the spouse of the veteran is allowed the exemption for that taxable year if filing a joint return. However, the spouse is not allowed the exemption in subsequent years. Under this bill, the spouse of the deceased veteran would be allowed to continue to claim the exemption until the spouse remarries.

AI Summary

This bill extends the veteran's gross income tax exemption of $6,000 to the spouses of deceased veterans. Currently, the exemption can only be claimed by the veteran themselves or the surviving spouse in the year the veteran dies. Under this bill, the spouse of the deceased veteran would be able to continue claiming the exemption in subsequent years until they remarry.

Committee Categories

Budget and Finance, Military Affairs and Security

Sponsors (6)

Last Action

Reported from Senate Committee, 2nd Reading (on 06/26/2025)

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/2024/S1927
Analysis - Statement SBA 6/26/25 https://pub.njleg.gov/Bills/2024/S2000/1927_S2.PDF
Fiscal Note - Fiscal Estimate 3/5/25; as introduced https://pub.njleg.gov/Bills/2024/S2000/1927_E1.PDF
Analysis - Statement SMV 3/3/25 https://pub.njleg.gov/Bills/2024/S2000/1927_S1.PDF
Analysis - Technical Review Of Prefiled Bill https://pub.njleg.gov/Bills/2024/S2000/1927_T1.PDF
BillText https://pub.njleg.gov/Bills/2024/S2000/1927_I1.HTM
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