S.3989

New Jersey S3989 creates a tax credit for postage costs to send goods to U.S. Armed Forces and National Guard members serving away from home.

New Jersey S3989 establishes a gross income tax credit for the cost of postage incurred when sending goods to members of the United States Armed Forces and the National Guard who are serving away from home. This credit applies to the amount taxpayers spend on United States Postal Service postage to send parcels as priority mail to military personnel at installations within or outside the United States. The credit is applied against the tax due under the "New Jersey Gross Income Tax Act" and, if it exceeds the tax liability, it is considered an overpayment.