New Jersey A2261 provides a gross income tax credit for volunteer emergency service members using their personal vehicles for active duty.

New Jersey A2261 establishes a gross income tax credit for active members of volunteer emergency service organizations, such as fire companies and first aid squads, for using their personal vehicles in the performance of active duty. The credit is calculated based on the standard mileage rate set by the federal Internal Revenue Service, multiplied by the number of miles traveled for active duty. The maximum credit is $500 for single taxpayers and $1,000 for married couples filing jointly.

New Jersey A2261 provides a gross income tax credit for volunteer emergency service members using their personal vehicles for active duty.

New Jersey A2261 establishes a gross income tax credit for active members of volunteer emergency service organizations, such as fire companies and first aid squads, for using their personal vehicles in the performance of active duty. The credit is calculated based on the standard mileage rate set by the federal Internal Revenue Service, multiplied by the number of miles traveled for active duty. The maximum credit is $500 for single taxpayers and $1,000 for married couples filing jointly.