New Jersey S627 exempts military personnel from New Jersey domiciled but stationed outside the state from gross income tax on certain compensation.
New Jersey S627 amends the state's gross income tax law to exclude certain military compensation from taxable income for military personnel who are domiciled in New Jersey but serving outside the state. This includes compensation for service in the Armed Forces and housing and subsistence allowances. The amendment applies to taxable years ending after 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.