Bill
Bill > A4408
summary
Introduced
12/15/2016
12/15/2016
In Committee
12/15/2016
12/15/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 Regular Session
Bill Summary
This bill provides a gross income tax credit for a taxpayer that has experienced a birth that results in a stillbirth during the taxable year. The amount of the refundable credit is $2,000. For a taxpayer to claim a credit for a particular birth resulting in stillbirth, the bill requires that: 1) A Certificate Of Birth Resulting In Stillbirth have been issued by the State Registrar, following submission of a completed Form RE-68 "Request to Place on File a Certificate of Birth Resulting in Stillbirth" by the parents of the stillborn child or a licensed health care professional; and 2) The stillborn child would have been a dependent of the taxpayer for federal income tax purposes. In 2013, the latest year for which data are available, there were 622 stillbirths in the State of New Jersey. Estimates indicate that there are as many as 26,000 stillbirths nationwide each year. This bill is intended to help offset the considerable financial costs that parents of a stillborn child face including expenses for funeral services, grief counseling, unpaid medical expenses, and the myriad expenses incurred in preparing for the birth of a child.
AI Summary
This bill provides a $2,000 refundable gross income tax credit for a taxpayer who has experienced a birth that results in a stillbirth during the taxable year. To claim the credit, the taxpayer must have a Certificate of Birth Resulting in Stillbirth issued by the State Registrar, and the stillborn child would have been a dependent of the taxpayer for federal income tax purposes. The credit is intended to help offset the financial costs that parents of a stillborn child face, such as expenses for funeral services, grief counseling, unpaid medical expenses, and the costs incurred in preparing for the birth of a child.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Introduced, Referred to Assembly Appropriations Committee (on 12/15/2016)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/A4500/4408_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/A4500/4408_I1.PDF |
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