A 223
Excludes bonuses for reenlistment or voluntary extension of enlistment in armed forces from gross income.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes New Jersey’s tax laws to exclude bonuses received by members of the armed forces for reenlisting or voluntarily extending their enlistment from their gross income. It amends the state’s tax code to specifically address these bonuses as taxable income. The goal is to provide tax relief to service members who choose to extend their service. The changes will take effect immediately and apply to tax years beginning after the law is enacted.
Sponsors
Official sponsors from legislative records.
Primary sponsor
John Azzariti
Cosponsors
Gerry Scharfenberger
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