New Jersey S2386 provides a gross income tax credit for active members of volunteer emergency service organizations who use their personal vehicles.

New Jersey S2386 establishes a gross income tax credit for active members of volunteer emergency service organizations who use their personal vehicles in the performance of active duty. The credit is calculated based on the standard mileage rate set by the Internal Revenue Service and the number of miles traveled. The maximum credit is $500 for a single taxpayer and $1,000 for married individuals filing jointly. To qualify, a taxpayer must be an unpaid member in good standing and complete qualifying service with the organization.

New Jersey S2386 provides a gross income tax credit for active members of volunteer emergency service organizations who use their personal vehicles.

New Jersey S2386 establishes a gross income tax credit for active members of volunteer emergency service organizations who use their personal vehicles in the performance of active duty. The credit is calculated based on the standard mileage rate set by the Internal Revenue Service and the number of miles traveled. The maximum credit is $500 for a single taxpayer and $1,000 for married individuals filing jointly. To qualify, a taxpayer must be an unpaid member in good standing and complete qualifying service with the organization.