This New Jersey bill replaces a tax deduction for residential tenants with a refundable tax credit. It allows tenants renting their primary residence to claim a credit equal to 30% of their rent (capped at $15,000 annually) for the portion of rent treated as property taxes. The credit is refundable, meaning any amount exceeding the tenant's tax bill is paid directly to them. It directly affects renters in qualifying housing, such as apartments and mobile home rentals, who use the property as their main home.
This bill establishes a permanent "Veteran Obituary Fund" within New Jersey's Department of the Treasury to cover costs for veterans' obituaries. Taxpayers can deduct donations to the fund (up to $50,000 annually) from their state income tax, with property donations over $500 requiring an independent appraisal. The fund accepts money or property donations from any source, which the Department of Military and Veterans Affairs administers to pay for veteran obituaries. It directly affects New Jersey taxpayers who donate to the fund and veterans' families, as it ensures obituary costs - averaging several hundred dollars - are covered without burdening families.
This New Jersey bill (A 3556) would allow employees to deduct from their gross income up to $5,250 annually in employer-paid educational assistance (like tuition, fees, or textbooks) and up to $5,250 in employer-paid student loan payments (principal or interest). It directly affects New Jersey employees who receive these benefits from their employers, matching the federal tax exclusion limit under Section 127 of the IRS code. The deduction applies to qualified higher education expenses (as defined by federal law) and student loans used for such expenses, excluding non-educational costs like hobbies. The bill is pending before the Assembly Higher Education Committee and would apply to taxable years starting after enactment.
This bill creates a voluntary contribution option on New Jersey's gross income tax returns, allowing taxpayers to direct part of their refund or add a contribution to the "New Jersey Reproductive Health Care Equitable Access Fund." Funds collected would be distributed equally each year to the three largest providers of reproductive health care services for Medicaid patients, to cover costs for low-income individuals seeking services. The bill defines "reproductive health care services" to include medical, surgical, counseling, and referral services related to pregnancy or pregnancy termination. It applies to tax returns for years beginning after enactment, with no requirement for taxpayer participation.
This bill allows New Jersey homeowners with solar generators in their primary residence to deduct up to $10,000 of the cost for purchasing and installing battery backup systems from their gross income tax. It directly affects homeowners who have installed solar panels and wish to add energy storage. The key provision creates a tax deduction for these specific battery backup costs, effective immediately for taxable years ending after enactment. The purpose is to incentivize battery storage so solar-powered homes can maintain electricity during power outages, as solar systems currently disconnect from the grid during outages.
This bill allows New Jersey taxpayers aged 62 or older, or who are blind or disabled, to claim a gross income tax deduction for qualified long-term care expenses (up to $50,000 per year) for themselves, their spouse, or disabled dependents. These expenses cover in-home care, assisted living, and long-term care facility services that are medically necessary and prescribed by a licensed health care provider. It also provides a separate deduction (up to $50,000) for unreimbursed funeral expenses of a spouse or disabled dependent who was 62 or older, blind, or disabled at death. The deduction excludes expenses already covered under existing medical expense tax rules and requires the costs to be unreimbursed.
This bill expands New Jersey's gross income tax credit for family caregivers of veterans with service-connected disabilities. It allows caregivers to qualify if the veteran has any service-connected disability (not limited to post-9/11 conflicts), provided the veteran meets other existing requirements like honorable discharge, VA disability rating, and six months of residency with the caregiver in New Jersey. The credit equals 100% of the veteran's federal disability compensation, up to $675 per year, and is refundable if it reduces tax liability to zero. It directly affects New Jersey family caregivers (with income limits of $50,000 single/$100,000 joint filers) who support veterans with disabilities from any military service.
This bill provides tax credits for businesses purchasing electric vehicle (EV) charging stations and converting commercial fleets to zero-emission vehicles. It allows a 50% credit (capped at $1,000 per charging station) for station purchases/installation and up to $100,000 for qualifying zero-emission vehicles based on weight (e.g., $25,000 for under 14,000 lbs). Businesses must apply for certification from the Environmental Protection Commissioner, including proof of purchase and installation, within 90 days. The credits apply to both corporation business tax and gross income tax, with unused credits carryable for up to seven years. The policy directly affects commercial entities investing in EV infrastructure and fleet transitions.
This New Jersey bill provides a 20% refundable tax credit for eligible residents who pay for in-home care services through a health care service firm. It directly affects taxpayers with gross income under $150,000 who are permanently disabled or age 65+, covering expenses for companion services (non-medical supervision/socialization), health care services (non-licensed), or personal care services (assisting with daily activities like bathing or dressing). The credit excludes insurance-reimbursed costs and applies against income tax after other credits. It takes effect for taxable years starting after enactment.
This bill allows eligible New Jersey educators (K-12 teachers, counselors, principals) and paraprofessionals (school aides) to deduct up to $250 of unreimbursed classroom supply expenses from their gross income tax. It covers costs like books, computers, software, and classroom materials, but excludes nonathletic supplies for health or physical education classes. To qualify, individuals must work at least 900 hours annually in a New Jersey public or private elementary/secondary school. The deduction applies to taxable years starting after the bill's enactment date.
