This bill provides a New Jersey tax credit of up to $500 for spouses of active-duty military members who must pay professional licensing fees after relocating to the state due to a permanent military move. It applies to fees required for licenses the spouse held before moving, such as for nursing, law, or engineering, and covers costs incurred within 13 months of the relocation order. The credit directly reduces the spouse's state tax bill for that year, with excess credit treated as a refund. It targets military families facing financial burdens when rebuilding careers after frequent relocations.
New Jersey's Bill A 3438 would provide a $1,000 annual refundable tax credit to staff members working at licensed childcare centers. Eligible staff include full-time, part-time, substitute, and contract workers employed during the center's operating hours. If the credit reduces a taxpayer's state income tax liability to zero, the excess amount is paid as a cash refund. The credit applies to married couples filing jointly (each spouse claims the full $1,000) and takes effect for tax years beginning January 1 following enactment.
This bill eliminates a requirement for New Jersey veterans to have served in active duty or federal active duty to qualify for a $6,000 gross income tax exemption. It directly affects honorably discharged veterans of the U.S. Armed Forces, reserve components, and New Jersey National Guard members who previously needed active duty service to claim this exemption. The key change removes the phrase "in active duty status or federal active duty status" from the tax code, allowing all eligible honorably discharged veterans to claim the exemption regardless of their service status. The policy change applies to taxable years beginning after the bill's enactment.
This New Jersey bill creates a tax credit for residents who pay for care expenses of qualifying senior parents. It allows caregivers to claim up to $10,000 annually in tax credits for qualified expenses like home health services, medical equipment, or home modifications, provided they submit documentation such as receipts and physician certifications. To qualify, the senior parent must be 60+ (or 50+ with disability and income limits), and the caregiver must be a New Jersey resident providing care. The credit does not apply to expenses covered by insurance or government programs, and caregivers must attach proof with their tax returns.
This bill increases New Jersey's refundable tax credit for property taxes paid on a primary residence (homestead) from $50 to $200. It directly affects homeowners and tenants who pay property taxes or rent that includes property taxes on their primary residence, including seniors aged 65+ and qualifying blind or disabled taxpayers. Instead of claiming a property tax deduction, eligible taxpayers can now choose a flat $200 credit against their income tax, which is refundable (meaning they receive cash even if they owe no tax). The change applies to taxable years beginning after enactment and is designed to provide greater tax relief for qualifying residents.
This bill creates a tax incentive program for small New Jersey manufacturers (employing ≤50 people) to invest in equipment and workforce training. It allows businesses to deduct up to $100,000 annually from their income tax for contributions to a special "manufacturing reinvestment account" held at a New Jersey financial institution. Funds in the account can be used for qualifying expenses like machinery/equipment purchases or New Jersey-based worker training, with unused funds earning tax-advantaged treatment until distributed. The program applies for five consecutive tax years, after which remaining balances are taxed normally.
This bill allows New Jersey homeowners to deduct up to $45,000 annually from their gross income for removing specific contaminants from their primary residence. It covers lead-based paint, asbestos, lead pipes, and water treatment for sodium/chloride contamination (caused by road salt) in private wells. Homeowners must pay certified contractors for these removals, and the deduction applies regardless of income. The bill expires December 31, 2027, and retroactively covers eligible expenses since 2018.
This bill provides tax credits to New Jersey commercial farm operators who experience price losses on their products. It allows eligible farms to claim credits against corporation business tax or gross income tax based on a certification of price loss from the State Agriculture Secretary. Credits are limited to 50% of tax liability and can be carried forward for up to seven years if unused. The bill also permits taxpayers to transfer unused credits to other businesses, subject to specific rules.
This bill (A3163) would allow New Jersey residents to deduct charitable contributions made to qualifying New Jersey-based organizations from their state gross income tax. The deduction amount would mirror the federal deduction allowed under IRS Section 170 for the same contribution, regardless of whether the taxpayer claims the federal itemized deduction. It directly affects New Jersey taxpayers who donate to charities registered under New Jersey's Charitable Registration Act or exempt from it, provided the charity maintains a physical presence in the state (office, employees, services). The policy applies to contributions made in taxable years starting January 1 after enactment, pending legislative approval.
This bill (A 3831) allows New Jersey residents with NJBEST college savings accounts to transfer funds directly into a Roth IRA as a "qualified withdrawal," excluding these transfers from New Jersey gross income tax. It expands the existing NJBEST program - designed for college savings - by adding Roth IRA rollovers as a permitted use, aligning with federal tax rules under Section 529 of the Internal Revenue Code. The change directly affects NJBEST account holders who wish to redirect saved funds toward retirement instead of education expenses. The bill amends NJ's tax code to exclude these specific Roth IRA rollovers from state taxable income, while maintaining the program's federal qualification. The bill is currently pending in the Assembly Higher Education Committee (introduced January 2026).
