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Bill > S1940
NJ S1940
NJ S1940Provides gross income tax deduction for certain moving expenses for taxpayer moving to New Jersey to commence work in State.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
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
This bill allows taxpayers to deduct certain moving expenses from their gross income when they move to New Jersey to start working in the state, provided they meet specific work requirements. The deductible expenses include the cost of moving household goods and personal belongings, travel expenses for household members (excluding meals), and storage costs related to the move. "Members of the household" are defined as individuals who lived at the old home and will live at the new home, excluding employees or tenants. To qualify for the deduction, an employed taxpayer must work full-time in New Jersey for at least 39 weeks within the 12 months following their move. A self-employed taxpayer must work full-time for at least 78 weeks within the 24 months following their move, with at least 39 of those weeks occurring in the first 12 months. However, this work requirement is waived if the taxpayer dies, becomes disabled, is involuntarily separated from their job (not due to their own misconduct), or is transferred by their employer. The bill also allows for a provisional deduction if the taxpayer expects to meet the work requirements later, with a provision to repay the deducted amount if they ultimately do not meet the criteria.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/13/2026)
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/2026/S1940 |
| BillText | https://pub.njleg.gov/Bills/2026/S2000/1940_I1.HTM |
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