New Jersey S1066 allows a gross income tax deduction for union dues paid to labor organizations.
New Jersey S1066 permits taxpayers to deduct union dues paid to labor organizations from their gross income. The bill defines "union dues" as the total amount of dues, fees, assessments, or other charges required of members or public employees represented by a labor organization. To claim this deduction, taxpayers must provide verification of the union dues paid during the taxable year. The deduction applies to taxable years beginning on or after January 1 following the bill's enactment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.