Bill Text: NJ A648 | 2020-2021 | Regular Session | Introduced
Bill Title: Establishes a gross income tax credit for certain firefighter training graduates.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-01-14 - Introduced, Referred to Assembly Appropriations Committee [A648 Detail]
Download: New_Jersey-2020-A648-Introduced.html
STATE OF NEW JERSEY
219th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2020 SESSION
Sponsored by:
Assemblyman JOHN ARMATO
District 2 (Atlantic)
SYNOPSIS
Establishes a gross income tax credit for certain firefighter training graduates.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act establishing a gross income tax credit for certain firefighter training graduates and supplementing Title 54A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. A taxpayer shall be allowed a credit in an amount equal to $200 for the taxable year in which the taxpayer successfully graduates with a Firefighter 1 or Firefighter 2 classification from a program approved by the Division of Fire Safety in the Department of Community Affairs. If any amount of credit allowed pursuant to this section remains after the application of credit to tax imposed pursuant to the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq., that amount of credit shall be an overpayment for the purposes of N.J.S.54A:9-7, except that subsection (f) of N.J.S.54A:9-7 shall not apply.
2. This act shall take effect immediately and shall apply to taxable years beginning after the date of enactment.
STATEMENT
This bill establishes a gross income tax credit of $200 for a taxpayer who successfully graduates with a Firefighter 1 or Firefighter 2 classification from a program approved by the Division of Fire Safety in the Department of Community Affairs. The credit is a one-time, refundable tax benefit encouraging firefighters to begin or enhance training that can be vital for protecting lives and property in the State.
