NJ S1440

Creates a refundable gross income tax credit equal to 100% of qualified union dues paid to labor organizations by New Jersey taxpayers

Applies to taxable years beginning on and after January 1, 2023

Qualified union dues include all dues, fees, assessments, and other required charges for union membership or representation

Taxpayers must provide verification of dues paid in a form prescribed by the Director of the Division of Taxation to claim the credit

Any credit amount exceeding tax liability will be refunded to the taxpayer as an overpayment