Bill > S2095

Introduced Session

This bill provides a gross income tax deduction for certain moving expenses for a taxpayer who is moving to New Jersey to commence work in this State. The bill allows the deduction of moving expenses, including the reasonable expense of moving the household goods and personal effects of the members of the household from the former residence to the new residence, the travel of the members of the household, and the storage of household effects incidental to the move. The bill defines the "members of the household" as all of the individuals who lived at the former residence and who will be living at the new residence, other than employees or tenants of the taxpayer. The bill requires that the move be in connection with the commencement of work in this State. The bill requires that during the 12-month period immediately following the move, the taxpayer be employed full time for at least 39 weeks. The bill requires that a self-employed taxpayer be employed for performing services full time for at least 78 weeks of the 24 month period following the move. The bill waives the full time work requirement for death, disability, involuntary separation other than for willful misconduct, or transfer to another location for the benefit of the employer.

AI Summary

Committee Categories

Holly Schepisi (R)*, 

Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/09/2024)

Official Document