A 4746
Provides gross income tax credit to taxpayers for qualified youth sports expenses paid or incurred on behalf of dependents.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a gross income tax credit for New Jersey taxpayers who pay for qualified youth sports expenses on behalf of their dependents. The credit can be up to $2,000 per qualifying child, covering expenses like registration fees, uniforms, equipment, travel, and training. To claim the credit, taxpayers must provide documentation of these expenses. The bill also directs the state’s tax agency to promote awareness of this new credit to youth sports organizations and communities.
Sponsors
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Primary sponsors
Michael Venezia
Cosponsor
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