Bill Text: NJ S1314 | 2014-2015 | Regular Session | Introduced
Bill Title: Excludes from gross income under the gross income tax certain United States military compensation paid to members of units of the NJ National Guard and reserve components of the United States Armed Forces.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2014-02-27 - Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee [S1314 Detail]
Download: New_Jersey-2014-S1314-Introduced.html
Sponsored by:
Senator JEFF VAN DREW
District 1 (Atlantic, Cape May and Cumberland)
SYNOPSIS
Excludes from gross income under the gross income tax certain United States military compensation paid to members of units of the NJ National Guard and reserve components of the United States Armed Forces.
CURRENT VERSION OF TEXT
As introduced.
An Act excluding from gross income under the gross income tax certain compensation paid to certain military personnel, 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. 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.
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.
d. Compensation paid to members of the National Guard and reserve components of the Armed Forces of the United States for (1) certain inactive duty training known as "weekend drill", (2) active duty for training, except Basic Combat Training and Advanced Individual Training, and (3) emergency mobilization for State or federal active duty with units of the New Jersey National Guard and reserve components of the Armed Forces of the United States.
(cf: P.L.2005, c.63)
2. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1 following enactment.
STATEMENT
This bill excludes from income under the New Jersey gross income tax compensation paid by the United States for services performed while on certain service duty by members in units of the New Jersey National Guard and reserve components of the United States Armed Forces. The income exclusion applies to monthly or weekend drills, the two-week annual training and any emergency mobilization as ordered by the Governor or the President. This exclusion does not include initial training such as basic training and advanced individual training.
