Excludes bonuses for reenlistment or voluntary extension of enlistment in armed forces from gross income.

This New Jersey bill (S 872) amends the state's tax code to exclude certain military bonuses from taxable income. Specifically, it removes reenlistment bonuses and voluntary extension-of-enlistment bonuses received by active-duty or reserve members of the U.S. Armed Forces from gross income calculations for New Jersey residents. The change applies to bonuses received during the taxable year, meaning eligible service members would not pay New Jersey state income tax on these payments. This policy directly affects New Jersey-resident military personnel who receive such bonuses as part of their service.