Sponsored by:
Senator KRISTIN M. CORRADO
District 40 (Bergen, Essex, Morris and Passaic)
SYNOPSIS
Provides temporary exclusion from gross income for qualified first responders.
CURRENT VERSION OF TEXT
As introduced.
An Act providing a temporary exclusion from gross income for qualified first responders.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. Gross income shall not include the first $50,000 of qualified wages earned by a qualified first responder during the period beginning on February 15, 2020 and ending on June 15, 2020.
b. As used in this section:
“Qualified first responder” means a physician, physician assistant, nurse, pharmacist, law enforcement officer, corrections officer, firefighter, emergency medical technician, or paramedic; and
“Qualified wages” means the wages received by a qualified first responder for services provided as a qualified first responder.
c. The Director of the Division of Taxation in the Department of the Treasury is authorized to adopt rules and regulations necessary to implement this act. To the extent practicable, such rules and regulations shall be in accordance with the “Administrative Procedure Act,” P.L.1968, c.410 (C.52:14B-1 et seq.).
2. This act shall take effect immediately.
STATEMENT
This bill allows qualified first responders to exclude from their calculation of gross income the first $50,000 of qualified wages earned between February 15, 2020 and June 15, 2020.
A qualified first responder is defined as a physician, physician assistant, nurse, pharmacist, law enforcement officer, corrections officer, firefighter, emergency medical technician, or paramedic. Qualified wages are the wages received by a qualified first responder for services provided as a qualified first responder.