New Jersey A885 allows a $5,000 deduction from gross income for commuter expenses.

New Jersey A885 provides a gross income tax deduction of up to $5,000 for commuter expenses incurred by a taxpayer during a taxable year. Commuter expenses include tolls paid by a taxpayer in the course of commuting by motor vehicle to and from a workplace located within New Jersey or a contiguous state. The deduction applies in addition to existing exemptions and deductions. The bill takes effect immediately for taxable years beginning on or after January 1 of the year next following the date of enactment.

New Jersey A885 allows a $5,000 deduction from gross income for commuter expenses.

New Jersey A885 provides a gross income tax deduction of up to $5,000 for commuter expenses incurred by a taxpayer during a taxable year. Commuter expenses include tolls paid by a taxpayer in the course of commuting by motor vehicle to and from a workplace located within New Jersey or a contiguous state. The deduction applies in addition to existing exemptions and deductions. The bill takes effect immediately for taxable years beginning on or after January 1 of the year next following the date of enactment.