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Bill > S627


NJ S627

NJ S627
Excludes military compensation of military personnel serving outside of this State from gross income tax.


summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 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 amends existing New Jersey law to exempt certain military compensation from state gross income tax for individuals who are domiciled in New Jersey, meaning they consider New Jersey their permanent home, but are stationed and serving outside of the state. This exemption applies to compensation paid by the United States for this service, ensuring that New Jersey residents serving in the Armed Forces of the United States outside of the state are not taxed on that income. The bill also clarifies that compensation paid to individuals not domiciled in New Jersey for service within the state remains taxable, and it maintains existing exemptions for mustering-out payments and housing and subsistence allowances for active and reserve military members, as well as New Jersey National Guard members on state active duty.

Committee Categories

Military Affairs and Security

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee (on 01/09/2024)

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