Bill > S788

This bill amends existing New Jersey law to exempt stipends, including any clothing allowance, received by volunteer first responders from certain payroll and income taxes. Specifically, it adds a new definition for "volunteer first responder" to include volunteer firefighters and members of emergency squads, and clarifies that these stipends will not be considered taxable income if they are less than what would be considered compensation under the federal Fair Labor Standards Act of 1938. The bill also amends definitions within the Temporary Disability Benefits Law to exclude volunteer first responders from being considered "covered individuals" for disability benefits if they do not receive remuneration for their volunteer services, while still allowing for reimbursement of expenses or nominal fees. This aims to encourage volunteer service by reducing the tax burden on these individuals.

Budget and Finance, Labor and Employment

https://www.njleg.state.nj.us/bill-search/2024/S788