Bill
Bill > A1170
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 gross income tax deduction of $250 for taxpayers who are on active duty as a member of the Armed Forces of the United States for the entire taxable year. According to the U.S. Department of Defense Manpower Data Center, as of September of 2017, there were a total of 7,669 active duty military personnel in the State serving in the Army, Navy, Marine Corps, Air Force, and Coast Guard. It is the sponsor's intent that the service of these men and women be recognized and that this deduction provide some assistance by potentially reducing their New Jersey Gross Income Tax liability. The bill would take effect upon enactment and apply to taxable years commencing on or after the January 1 next following the date of enactment.
AI Summary
This bill allows a $250 gross income tax deduction for taxpayers who are on active duty as members of the U.S. Armed Forces for the entire taxable year. The bill is intended to recognize the service of active duty military personnel in New Jersey, which numbered around 7,669 as of 2017, and provide some assistance by potentially reducing their New Jersey Gross Income Tax liability. The bill would take effect immediately and apply to taxable years beginning on or after January 1 following the date of enactment.
Committee Categories
Military Affairs and Security
Sponsors (3)
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/09/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A1170 |
| BillText | https://pub.njleg.gov/Bills/2024/A1500/1170_I1.HTM |
Loading...