Bill > A4198

Introduced Session

This bill excludes basic pay received by residents who are members of the Armed Forces of the United States or the National Guard for service in active duty or active duty for training from New Jersey gross income taxation. Under current law, the State excludes the most common military allowances, including food and housing allowances, from gross taxable income. Additionally, any combat zone compensation received by members of the Armed Forces of the United States that is excluded from federal taxable income pursuant to section 112 of the federal Internal Revenue Code of 1986 is also excluded from New Jersey gross taxable income. This bill expands the scope of military compensation that is excluded from New Jersey gross taxable income to also include basic pay received for service in active duty or active duty for training. Basic pay is the main component of military pay and is received by all members of the Armed Forces. This pay typically accounts for the largest portion of a member's salary.

AI Summary

Committee Categories

Vicky Flynn (R)*,  Michele Matsikoudis (R)*,  Gerry Scharfenberger (R)*, 

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 05/02/2024)

Official Document