New Jersey bill A223 excludes bonuses for reenlistment or voluntary extension of enlistment in the armed forces from gross income.

New Jersey bill A223 amends the state's gross income tax to exclude bonuses for reenlistment or voluntary extension of enlistment in the armed forces from gross income. This tax relief aims to support members of the Armed Forces who make significant sacrifices for their service. The bill applies to taxable years beginning on or after January 1 following its enactment.

New Jersey bill A223 excludes bonuses for reenlistment or voluntary extension of enlistment in the armed forces from gross income.

New Jersey bill A223 amends the state's gross income tax to exclude bonuses for reenlistment or voluntary extension of enlistment in the armed forces from gross income. This tax relief aims to support members of the Armed Forces who make significant sacrifices for their service. The bill applies to taxable years beginning on or after January 1 following its enactment.