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Bill > A2703
NJ A2703
NJ A2703Excludes military compensation of military personnel serving outside of this State from gross income tax.
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 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 allows an exemption from the New Jersey gross income tax for certain military compensation received by servicemen and women domiciled in New Jersey but stationed outside of the state. Specifically, the bill excludes from gross income tax the compensation paid by the United States for service in the Armed Forces of the United States performed by an individual domiciled in New Jersey but stationed outside of the state. The bill also maintains existing exemptions for compensation paid to individuals not domiciled in New Jersey, as well as for mustering-out payments and housing/subsistence allowances received by members of the active and reserve components of the Armed Forces, including the New Jersey National Guard while on state active duty.
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
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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/A2703 |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/2703_I1.HTM |
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