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Bill > A223


NJ A223

NJ A223
Excludes bonuses for reenlistment or voluntary extension of enlistment in armed forces from gross income.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill excludes from taxable gross income under the New Jersey gross income tax certain bonuses received by members of the Armed Forces. Amounts received as bonuses for reenlisting or voluntarily extending enlistment may be excluded from gross income pursuant to this bill. The purpose of the bill is to provide tax relief to taxpayers that valiantly and unselfishly serve their country, often at considerable sacrifice to themselves and their families, by allowing them to exclude reenlistment and voluntary extension of enlistment bonuses from taxable gross income.

AI Summary

This bill amends New Jersey's gross income tax law to exclude certain bonuses received by members of the Armed Forces from taxable income. Specifically, it adds a provision that allows individuals to exclude from their gross income any amounts received as bonuses for reenlisting or voluntarily extending their enlistment in the Armed Forces of the United States. This change aims to provide tax relief to service members who make significant sacrifices for their country, recognizing their dedication by exempting these specific bonuses from state income tax. The bill takes effect immediately and applies to taxable years beginning on or after January 1st of the year following its enactment.

Committee Categories

Military Affairs and Security

Sponsors (6)

Last Action

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/13/2026)

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