New Jersey S371 excludes from gross income contributions that certain federal employees classified as criminal investigators make to the federal.

New Jersey S371 amends the state's gross income tax to exclude contributions made to the federal Thrift Savings Fund on behalf of federal employees classified as criminal investigators. These contributions, made by employers at the election of the employees, are currently taxable under New Jersey law. The bill specifies that these contributions will not be subject to New Jersey gross income tax, aligning with federal tax treatment. This exclusion applies to contributions made by employers on behalf of federal employees in the GS-1811 series, which includes criminal investigators.

New Jersey S371 excludes from gross income contributions that certain federal employees classified as criminal investigators make to the federal.

New Jersey S371 amends the state's gross income tax to exclude contributions made to the federal Thrift Savings Fund on behalf of federal employees classified as criminal investigators. These contributions, made by employers at the election of the employees, are currently taxable under New Jersey law. The bill specifies that these contributions will not be subject to New Jersey gross income tax, aligning with federal tax treatment. This exclusion applies to contributions made by employers on behalf of federal employees in the GS-1811 series, which includes criminal investigators.