SENATE COMMITTEE SUBSTITUTE FOR

SENATE, Nos. 2050 and 2090

STATE OF NEW JERSEY

219th LEGISLATURE

ADOPTED SEPTEMBER 21, 2020

Sponsored by:

Senator  SHIRLEY K. TURNER

District 15 (Hunterdon and Mercer)

Senator  MICHAEL L. TESTA, JR.

District 1 (Atlantic, Cape May and Cumberland)

Senator  KRISTIN M. CORRADO

District 40 (Bergen, Essex, Morris and Passaic)

Assemblywoman  ANNETTE QUIJANO

District 20 (Union)

Assemblywoman  CLEOPATRA G. TUCKER

District 28 (Essex)

Assemblyman  WAYNE P. DEANGELO

District 14 (Mercer and Middlesex)

Co-Sponsored by:

Senators Brown, Oroho, Addiego, Diegnan, A.M.Bucco, Lagana, Madden, Assemblymen Thomson, Peters, Wirths, Space, Danielsen, Assemblywomen Murphy, Pinkin, Assemblymen Armato, Mazzeo, Webber, Scharfenberger, Zwicker, Assemblywomen Swain and Mosquera

SYNOPSIS

     Excludes Armed Services combat zone pay from gross income taxation. 

CURRENT VERSION OF TEXT

     Substitute as adopted by the Senate Budget and Appropriations Committee.

An Act excluding United States Armed Services combat zone pay from gross income taxation, 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.    Gross income shall not include amounts received as combat zone compensation by members of the Armed Forces of the United States that is excluded from federal taxable income pursuant to section 112 of the federal Internal Revenue Code of 1986, 26 U.S.C. s.112.

     2.    This act shall take effect immediately and apply to taxable years beginning on or after January 1 next following the date of enactment.