ASSEMBLY, No. 2703

STATE OF NEW JERSEY

221st LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION

 


 

Sponsored by:

Assemblyman  BRIAN BERGEN

District 26 (Morris and Passaic)

 

 

 

 

SYNOPSIS

     Excludes military compensation of military personnel serving outside of this State from gross income tax.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel.

  


An Act excluding certain military personnel income from gross income tax, amending N.J.S.54A:6-7.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    N.J.S.54A:6-7 is amended to read as follows:

     54A:6-7.     Certain pay of members of the armed forces.

     a.     (1)  Compensation paid by the United States for service in the Armed Forces of the United States performed by an individual not domiciled in this State.

     (2)   Compensation paid by the United States for service in the Armed Forces of the United States performed by an individual domiciled in this State but stationed outside of this State.

     b.    Amounts received during the taxable year as mustering-out payments with respect to service in the Armed Forces of the United States.

     c.     Amounts received during the taxable year as housing and subsistence allowances by members of the active and reserve components of the Armed Forces of the United States, and by New Jersey National Guard members while on State active duty.

(cf: P.L.2005, c.63, s.1)

 

     2.    This act shall take effect immediately and apply to taxable years ending after enactment.

 

 

STATEMENT

 

     This bill allows an exemption for certain military compensation from the gross income tax for those servicemen and women domiciled in New Jersey but serving their duty outside of the State of New Jersey.