Bill > S3315

This bill allows a $500 gross income tax credit for volunteer firefighters who have actively been volunteering for three years. To be eligible, a taxpayer must be an active member of a volunteer fire company or an active volunteer member of a part-paid fire department incorporated in New Jersey and serving one or more counties or municipalities in the state. The credit can be applied to the taxpayer's New Jersey gross income tax liability, but it cannot reduce the taxpayer's tax liability to less than zero. The director is authorized to promulgate rules and procedures to effectuate the purposes of this section, and the bill applies to taxable years beginning on and after January 1 next following the date of enactment.

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https://www.njleg.state.nj.us/bill-search/2024/S3315