Excludes basic pay for active duty military service from New Jersey gross income taxation.

This bill excludes basic pay received by New Jersey residents who are members of the Armed Forces or the National Guard for active duty or active duty training from gross income taxation. It applies to taxable income years beginning on or after January 1 following the enactment date. The bill expands the current exclusion to include basic pay, which is the main component of military pay.

Excludes basic pay for active duty military service from New Jersey gross income taxation.

This bill excludes basic pay received by New Jersey residents who are members of the Armed Forces or the National Guard for active duty or active duty training from gross income taxation. It applies to taxable income years beginning on or after January 1 following the enactment date. The bill expands the current exclusion to include basic pay, which is the main component of military pay.