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Bill > S2151
NJ S2151
NJ S2151Provides gross income tax credit for qualified union dues paid to labor organizations.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill allows a refundable gross income tax credit for qualified union dues paid to labor organizations. The bill defines "qualified union dues" as the total amount of dues, fees, assessments, or other charges or expenses required of members of or public employees represented by a labor organization. The bill also defines "labor organization" as any organization of any kind, or any agency or employee representation committee or plan, in which employees participate and that exists for the purpose, in whole or in part, of dealing with employers concerning grievances, labor disputes, wages, rates of pay, hours of employment, or conditions of work. To claim the credit allowed under the bill, a taxpayer would be required to provide, in a form and manner prescribed by the Director of the Division of Taxation, verification of the qualified union dues paid by the taxpayer during the taxable year.
AI Summary
This bill establishes a refundable gross income tax credit for individuals who pay qualified union dues to labor organizations, which are defined as groups that represent employees in dealings with employers regarding issues like wages, working conditions, and grievances. The credit, applicable for tax years beginning on or after January 1, 2023, covers all dues, fees, assessments, or other required payments made to these organizations. To claim this credit, taxpayers must provide verification of their union dues paid in a manner determined by the Director of the Division of Taxation, and this credit will be applied after other tax credits; if the credit results in a tax liability of zero, any remaining credit amount will be refunded to the taxpayer.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Labor Committee (on 01/09/2024)
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/2024/S2151 |
| BillText | https://pub.njleg.gov/Bills/2026/S2500/2151_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S2500/2151_I1.HTM |
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