New Jersey S1440 provides a gross income tax credit for qualified union dues paid to labor organizations.

New Jersey S1440 introduces a gross income tax credit for qualified union dues paid to labor organizations. This credit applies to dues, fees, assessments, or other charges required of members of or public employees represented by a labor organization. The credit is available for taxable years beginning on and after January 1, 2023. To claim the credit, taxpayers must provide verification of the dues paid during the taxable year. If the credit, combined with other credits, reduces the taxpayer's tax liability to zero, any remaining credit amount will be refunded to the taxpayer.

New Jersey S1440 provides a gross income tax credit for qualified union dues paid to labor organizations.

New Jersey S1440 introduces a gross income tax credit for qualified union dues paid to labor organizations. This credit applies to dues, fees, assessments, or other charges required of members of or public employees represented by a labor organization. The credit is available for taxable years beginning on and after January 1, 2023. To claim the credit, taxpayers must provide verification of the dues paid during the taxable year. If the credit, combined with other credits, reduces the taxpayer's tax liability to zero, any remaining credit amount will be refunded to the taxpayer.