Allows $250 gross income tax deduction for New Jersey military members on active duty.

The bill provides a $250 deduction from gross income for taxpayers who serve as active duty members of the U.S. Armed Forces throughout the entire taxable year. This deduction aims to assist military personnel by potentially reducing their New Jersey Gross Income Tax liability. The deduction applies to taxable years starting on or after January 1 following the bill's enactment.

Allows $250 gross income tax deduction for New Jersey military members on active duty.

The bill provides a $250 deduction from gross income for taxpayers who serve as active duty members of the U.S. Armed Forces throughout the entire taxable year. This deduction aims to assist military personnel by potentially reducing their New Jersey Gross Income Tax liability. The deduction applies to taxable years starting on or after January 1 following the bill's enactment.