A388

Allows disabled veterans in New Jersey to deduct up to $5,000 for service animal expenses from their gross income tax.

This bill provides a gross income tax deduction for disabled veterans in New Jersey, allowing them to deduct up to $5,000 for expenses related to purchasing, training, or maintaining a service animal. Eligible expenses include food, grooming, and veterinary care. The deduction applies to expenses not already deductible as eligible medical expenses. The definition of "service animal" aligns with the federal "Americans with Disabilities Act of 1990." The act takes effect immediately for taxable years beginning on or after January 1, 2024.