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NJ S3273
Bill
Status
2/2/2026
Primary Sponsor
Carmen Amato
Click for details
AI Summary
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Doubles the New Jersey gross income tax deduction for veterans from $6,000 to $12,000
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Applies to veterans honorably discharged from active duty in the U.S. Armed Forces, reserve components, or the National Guard of New Jersey in federal active duty status
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Amends N.J.S.54A:3-1, which governs personal exemptions and deductions under the state gross income tax
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Takes effect immediately and applies to taxable years beginning on or after January 1 following enactment
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Sponsored by Senators Carmen F. Amato Jr. (District 9) and James W. Holzapfel (District 10)
Legislative Description
Increases gross income tax deduction available to veterans from $6,000 to $12,000.
Budget and Appropriations
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
2/2/2026