NJ A4453

Creates a refundable gross income tax credit of up to $500 for spouses of military servicemembers who pay professional relicensing fees after relocating to New Jersey due to a permanent change of station order.

Eligible spouses must have practiced the profession requiring licensure prior to moving to the state and must be married to an active member of the U.S. Armed Forces at the time fees are incurred.

Qualifying fees must be incurred between the date the permanent change of station order is issued and the first day of the thirteenth month following the reporting date specified in the order.

Excess credit amounts beyond tax liability will be refunded as an overpayment to the taxpayer.

Takes effect immediately upon enactment and applies to relicensing costs incurred on or after that date.