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NJ S4750
Bill
Status
10/27/2025
Primary Sponsor
Kristin Corrado
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AI Summary
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Expands the $6,000 gross income tax exemption for veterans honorably discharged from active duty to include all Uniformed Services of the United States, not just the Armed Forces
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Extends the gross income tax exemption for military pension payments and survivor's benefit payments to cover veterans of all Uniformed Services
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Adds veterans of the National Oceanic and Atmospheric Administration (NOAA) and United States Public Health Service (USPHS) to those eligible for these tax exemptions
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Takes effect immediately and applies to taxable years beginning on or after January 1 of the year following enactment
Legislative Description
Extends eligibility for certain veterans' gross income tax exemptions to include veterans of all Uniformed Services of United States.
Military and Veterans' Affairs
Last Action
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee
10/27/2025