Eliminates requirement for New Jersey National Guard veterans to serve in federal active duty status to qualify for gross income tax deduction.
This bill removes the condition that New Jersey National Guard veterans must have served in federal active duty status to be eligible for a gross income tax deduction. The deduction, which is $3,000 per taxable year, is now available to all veterans who have been honorably discharged or released under honorable circumstances from the National Guard. This change aims to honor the service of all National Guard members and provide them with the same tax relief as veterans from other military branches.
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