Budget & Taxes (Income Tax)

in committee · New Jersey · General Assembly Mar 19, 2026

A 4773: Allows gross income tax deduction for charitable contributions to certain New Jersey-based charitable organizations during public health emergency.

This New Jersey bill allows taxpayers to deduct charitable contributions made to qualified New Jersey-based organizations from their gross income during public health emergencies. The deduction is limited to $10,000 for married couples filing jointly or heads of household, and $5,000 for single filers or married individuals filing separately. A qualified organization must be registered under state law, maintain an office or employ staff in New Jersey, and provide services within the state. The provision applies to contributions made during an active public health emergency declaration and for 30 days after the emergency concludes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax deduction for charitable contributions, offering tax relief and encouraging donations to qualified organizations during public health emergencies.90% confidence

Sub-Topics Income Tax

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in committee · New Jersey · General Assembly Jan 13, 2026

A 629: Excludes military compensation of military personnel serving outside of this State from gross income tax.

This bill exempts specific military compensation from New Jersey's gross income tax for service members who are domiciled in New Jersey but stationed outside the state. It directly affects New Jersey-resident military personnel serving away from New Jersey, including active duty, reserve, and National Guard members on state active duty. The key provision amends the state tax code to exclude military pay received for service performed outside New Jersey, housing allowances, and mustering-out payments from taxable income. The exemption applies to taxable years ending after the bill's enactment, which took effect immediately upon passage.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts military pay from NJ tax, providing tax relief for service members, aligning with tax relief indicators under Budget & Taxes.95% confidence ✓ VeteransSupports VeteransExempts NJ-resident military pay from state tax, reducing financial burden on veterans serving away from state.90% confidence

Sub-Topics Income Tax National Guard & Reserve

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in committee · New Jersey · Senate Feb 19, 2026

S 3545: "Homeowners' Historic Property Reinvestment Act"; allows homeowners to claim credit against gross income tax for certain costs of rehabilitating historic properties.

This bill, S 3545 "Homeowners' Historic Property Reinvestment Act," allows New Jersey homeowners to claim a 25% tax credit against their state income tax for qualifying rehabilitation costs on historic properties. It directly affects homeowners who own and occupy a historic property (listed on the National or New Jersey Register of Historic Places, or locally designated) as their principal residence for 12 months after work is completed. Key provisions require rehabilitation costs to be at least 50% of the property’s assessed value, with no more than 60% of the total cost covering interior repairs. The credit applies only to properties meeting these specific historic preservation criteria, not to rental properties or vacation homes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit for historic property rehab, reducing taxable income for homeowners - direct tax relief supporting middle-income taxpayers.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · New Jersey · Senate Feb 19, 2026

S 3559: Provides gross income tax credit to certain totally and permanently disabled veterans for rent constituting property taxes.

This bill provides a tax credit to New Jersey veterans who are totally and permanently disabled due to service-connected injuries or illnesses (such as paralysis, blindness, or amputations). The credit equals the rent a veteran pays for their primary residence, if that rent is treated as property taxes under state law. The credit is applied against the veteran's state income tax, with any excess refunded. It also extends this credit to surviving spouses of eligible veterans under specific conditions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing state income tax liability for disabled veterans, aligning with tax relief indicators for lower-income groups.95% confidence ✓ HousingSupports HousingProvides tax credit reducing housing costs for disabled veterans, increasing affordability for a specific group within housing policy.85% confidence ✓ VeteransSupports VeteransProvides tax credit to disabled veterans for rent, directly expanding financial benefits for service-connected disability under NJ law.95% confidence

Sub-Topics Income Tax Tax Credits Renters Veteran Housing

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3638: Provides family leave for employee to attend certain events of child of employee; establishes tax credits for employer that provide full paid family leave benefits.

New Jersey's A 3638 requires employers to provide up to two paid workdays for employees to attend school events involving their children (like conferences or meetings), in addition to existing earned sick leave. Employers covering these costs can claim tax credits equal to the wages paid for this leave, reducing their corporation business tax or gross income tax bill. The tax credits are capped at $10 million annually, and employers must apply through the Department of Labor. This bill directly affects private employers (including nonprofits and corporations) and their employees with school-aged children.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to employers for paid leave costs, reducing their tax burden and incentivizing policy adoption without direct state expenditure.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentMandates paid family leave for school events, expands worker benefits, and provides tax credits to employers - directly advancing labor protections for workers' family needs.90% confidence

Sub-Topics Business Taxes Income Tax Paid Leave

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1595: Provides gross income tax credits to taxpayers who purchase certain low-speed electric bicycles.

This bill provides a tax credit for New Jersey residents who buy qualifying low-speed electric bicycles for personal use. Taxpayers can claim a credit equal to 30% of their purchase cost, up to $1,500 annually, for bikes costing $8,000 or less. The credit applies only to bikes that meet specific technical standards (e.g., max 20 mph, pedal-assist or throttle-only operation) and cannot be used for business purposes. The credit cannot reduce a taxpayer’s total tax liability below zero. It applies to taxable years beginning after the bill’s enactment date.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit (30% up to $1,500) for personal electric bike purchases, providing direct tax relief to residents. This aligns with tax policy support by reducing individual tax liability without specifying income thresholds.95% confidence ✓ EnvironmentSupports EnvironmentIncentivizes e-bike adoption (reducing vehicle emissions) and aligns with clean transportation goals to support climate action.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New Jersey · General Assembly Feb 19, 2026

A 4145: Provides temporary corporation business tax and gross income tax credits for certain employer-provided child care expenditures.

This bill creates a temporary tax credit for New Jersey employers who build or improve facilities to provide child care for their employees' children. Employers can claim a 50% credit (up to $50,000) against corporation business tax or gross income tax for eligible property expenses, effective for three years after the bill's enactment. To qualify, employers must commit to using the property as a child care center for employees' children for 60 consecutive months and submit documentation to the state tax authority. If the property stops serving this purpose (except in cases of casualty or transfer), employers must repay the credit plus interest. The credit directly affects businesses establishing on-site or contracted child care centers for their workforce.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides temporary tax credit (50% up to $50k) reducing business tax liability for employer child care facilities, aligning with tax relief indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit for employer child care facilities, expanding worker benefits and supporting employment standards by reducing childcare barriers for employees.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · New Jersey · Senate Feb 19, 2026

S 3582: Establishes Gold Star Family Scholarship Program; appropriates $100,000 from General Fund to Higher Education Student Assistance Authority.

S 3582 would establish a scholarship program for family members and legal guardians of New Jersey military personnel who died while on active duty. The program, initially funded by a $100,000 state appropriation, would provide undergraduate scholarships at New Jersey colleges and universities, with awards capped at the average tuition cost for four-year public institutions. The bill also creates two new funding sources: voluntary taxpayer contributions through state income tax returns and a $2 annual fee on personalized license plates.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill appropriates $100,000 from General Fund to fund Gold Star Family scholarships, directly advancing state budget allocation for essential education programs.90% confidence ✓ EducationSupports EducationBill funds higher education access through scholarships for military families' dependents, directly expanding educational opportunity via state appropriation.95% confidence ✓ VeteransSupports VeteransBill establishes scholarship program for Gold Star families of fallen service members, directly funding educational benefits for veterans' dependents.95% confidence

Sub-Topics Appropriations Income Tax State Budget Higher Education Student Financial Aid Veteran Education

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1039: Provides corporation business tax credit and gross income tax credits for purchase and installation of certain electric vehicle charging stations.

This bill provides tax credits to New Jersey businesses that install electric vehicle (EV) charging stations for use in their operations. Businesses can claim a credit equal to 25% (up to $500), 15% (up to $300), or 8% (up to $150) of the cost for stations installed in 2014, 2015, or 2016, respectively. To qualify, businesses must obtain certification from the Environmental Protection Commissioner confirming the station meets technical standards for level 2 or level 3 charging. The credit applies against corporation business tax or gross income tax and requires proof of installation and station specifications.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to businesses, offering fiscal relief to encourage EV infrastructure investment under state tax code.95% confidence ✓ EnergySupports EnergyProvides tax credits for EV charging infrastructure, promoting renewable energy adoption and reducing fossil fuel dependence through clean energy investment.95% confidence ✓ EnvironmentSupports EnvironmentPromotes EV infrastructure via tax credits requiring environmental certification, reducing transportation emissions and advancing clean energy adoption.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Electric Vehicles

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in committee · New Jersey · General Assembly Jan 13, 2026

A 2930: Provides gross income tax deduction for costs of purchasing and installing whole house backup electrical generator or home backup battery system for resident taxpayer's principal residence.

This bill allows New Jersey resident taxpayers to deduct the full cost of purchasing and installing qualifying whole-house backup power systems (either natural gas/propane generators or home battery systems with at least 3 kilowatt-hours capacity) from their gross income. It directly affects homeowners who own a primary residence in New Jersey and install these systems to provide backup electricity during power outages. The deduction covers both the purchase and installation costs, provided the systems meet state and local installation, inspection, and permitting requirements. The bill defines "home backup battery systems" to include common technologies like lithium-ion and lead-acid batteries, and "whole house generators" as permanently connected systems that only activate during outages.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for home backup systems, reducing taxable income for homeowners, aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax Procurement

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